Macro analyst #Bitcoin
Not a financial advice.
Joined October 2020
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Marc Somatic retweeted
this cannot just bypass equities without some damage. be cautious while travelling.
Bitcoin is regaining its dominance, and the chart starts looking bullish once again after 2 years of doing practically nothing. Whether it will rise for the right or the wrong reason, you want to make sure you're well positioned. If Bitcoin corrects, alts will get rekt once again
Supposedly, we're in a bull market. The problem is that people aren't buying right now. If everyone's saying that the bull market is here, but there's no buying pressure, how do you expect prices to go higher or even stay within this range if people don’t want to buy at this lvl?
I have decided to short $ZEC. Maybe I am wrong. But for me, it has been overvalued for months. I am not going to let it slide.
The 2-year yield prices in Fed expectations before they actually happen. For that reason, the 2-year yield dictates what the Fed’s next move is likely to be. A 0.25% hike wasn’t enough. I don’t think risk assets are ready to sustain another hike without a bigger correction.
Take a guess at what #DXY is going to do next after spending 600 days in a consolidation range.
If you are expecting risk assets to go bananas, it is not the right time, even though markets are not logical. DXY & increasing energy prices pose the highest risk for now.
#BTC has made new highs for the first time since May. If this continues, we may be leaving the bear market behind.
I’m not betting on this scenario, despite breaking above the 50WMA and previous highs.
If everyone is watching the same thing, it’s no longer a valid indicator.
Marc Somatic retweeted
Japan raises rates to a 31-year high.
Things are about to get very interesting.
In price terms, #BTC is still ranging within the previous support and resistance area. That’s what I expected to happen-a comeback on the daily chart. But the weekly chart is telling a different story. So far, I’ve seen weakness, despite some significant gains in certain altcoins
It seems like the market is waiting for some bullish news. Since everyone knows the hike is coming and we've already had a sell-off, we might actually be setting up for the opposite — a move to the upside. I’ve closed all my positions for now.