If markets hold up well, BTC front runned bearish news and we might see a reversal.
DiveInDefi
SPX holding uzp so far
Optimal outcome for the bulls:
SPX trades sideways today. Tomorrow it goes up.
$BTC trades above 90k and we confirm this a bull trap.
I am not calling a bottom here, stocks are way too unpredictable at the current moment.
SPX trades sideways today. Tomorrow it goes up.
$BTC trades above 90k and we confirm this a bull trap.
I am not calling a bottom here, stocks are way too unpredictable at the current moment.
DiveInDefi
Photo
This shows me, if BTC drops, the rest will drop harder.
If you look at the other posts of these from the past weeks, you will notice that Total3 (everything except BTC and ETH), have outperformed BTC. Now it is back to usual, showing great fear. I just really hope this is the last shakeout and a bear trap. But I HOPE: we need to keep the current levels. We are in great danger still.
By the way: I wouldn't be so fearful. If you follow me for longer, you know I am always bullish. This is a dip in a range which is also normal.
The reason for my great fear is only due to the other economic signs in the past days. And they are all hinting to a big risk of a crash.
If you look at the other posts of these from the past weeks, you will notice that Total3 (everything except BTC and ETH), have outperformed BTC. Now it is back to usual, showing great fear. I just really hope this is the last shakeout and a bear trap. But I HOPE: we need to keep the current levels. We are in great danger still.
By the way: I wouldn't be so fearful. If you follow me for longer, you know I am always bullish. This is a dip in a range which is also normal.
The reason for my great fear is only due to the other economic signs in the past days. And they are all hinting to a big risk of a crash.
👍2
DiveInDefi
My only hope as well. Stocks will decide.
A liquidity grab below psychological numbers like 90k is bullish though. Whales usually try to short squeeze the longs and stop losses to buy the absolute bottom. Common manipulation
DiveInDefi
Optimal outcome for the bulls: SPX trades sideways today. Tomorrow it goes up. $BTC trades above 90k and we confirm this a bull trap. I am not calling a bottom here, stocks are way too unpredictable at the current moment.
$SPX regains its bullishness, when it breaks 5836, the 21W MA. Anything below is a bearish retest and hints to continuation downwards.
DiveInDefi
$SPX regains its bullishness, when it breaks 5836, the 21W MA. Anything below is a bearish retest and hints to continuation downwards.
image_2025-01-13_21-13-31.png
283.4 KB
HD PIC for you:
21 weekly moving average (grey line, mad it big for you). As you can see very clearly, the $SPX respects this line in its uptrends. Small piercings are ok but we need continuation next week to the upward side to keep the trend intact.
21 weekly moving average (grey line, mad it big for you). As you can see very clearly, the $SPX respects this line in its uptrends. Small piercings are ok but we need continuation next week to the upward side to keep the trend intact.
image_2025-01-13_21-15-37.png
260.5 KB
By the way, when you look at the weekly $SPX chart in logarithmic mode, you can see that we are in a very nice uptrend channel since 2009. The only time we broke it was at the Covid black swan.
DiveInDefi
image_2025-01-13_21-15-37.png
Here you can clearly see where our macro high will be, IF we continue upwards: $SPX 7000 (currently). If we hit the top channel, I will take massive profit.
DiveInDefi
image_2025-01-13_21-13-31.png
SPX broke above the 21W MA again!!
Lets stay above and btc has bottomed
Lets stay above and btc has bottomed
🔥1
The US national debt is the largest among any country at $36.2 trillion or 34.6% of the total.
US public debt is more than double the second-highest which is in China at $16.4 trillion or 16.1% of the total global government debt.
US public debt is more than double the second-highest which is in China at $16.4 trillion or 16.1% of the total global government debt.