The main chart is the ratio between Futures on BTC and S&P500
👉 Bitcoin CME Futures contracts are equal to 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
👉 E-mini S&P500 Futures contracts are equal to 50 x S&P500 Index
Special remarks
😀 The Support Area and Resistance Areas are as highlighted on the chart.
😊 Since Bitcoin CME Futures were launched in Dec, 2017, S&P500 outperforms BTC to nowadays.
😁 Bitcoin has NO BALANCE SHEET, EARNGINS AND NEVER PAY DIVIDENDS
👉 Bitcoin CME Futures contracts are equal to 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
👉 E-mini S&P500 Futures contracts are equal to 50 x S&P500 Index
Special remarks
😀 The Support Area and Resistance Areas are as highlighted on the chart.
😊 Since Bitcoin CME Futures were launched in Dec, 2017, S&P500 outperforms BTC to nowadays.
😁 Bitcoin has NO BALANCE SHEET, EARNGINS AND NEVER PAY DIVIDENDS
Trade active:
June 13, 2023
This is how the crypto market recovered in 2014-16 and 2018-20 against the S&P500.
But, as the ancient Romans said, - Tertium non Datur... that means too much water drowned the miller.
This is how the crypto market recovered in 2014-16 and 2018-20 against the S&P500.
But, as the ancient Romans said, - Tertium non Datur... that means too much water drowned the miller.
Trade active:
July 24, 2023
Lousy BTC vs seasoned SPX. The ratio is still under pressure, to crypto bulls sad.
Lousy BTC vs seasoned SPX. The ratio is still under pressure, to crypto bulls sad.
BTC continues to look weaker than the S&P500 - the benchmark of the global economy.
Now, amid multiple legal allegations by the SEC against CZ and the companies he controls, including Binance.