Hello traders.
Here's my simple analysis for current week Only.
Let's try to compare US market and BTC.
- On the charts I see that BTC traders are more positive than US market.
- It seems to me that they are trying to predict and overtake the movement of the stocks.
For example, this Friday, the Index met good resistance and Monday morning showed a pullback.
Over the weekend, BTC slightly pulled back ahead of the rollback and froze in anticipation of Sunday. On Monday, he also continued his journey upward.
What am I talking about?
- How is your Daddy?
- US Market is your Daddy
- I'm comparing D1 candle type on SPX500 and BTC and see that, trand candles on US market ultimately force BTC to move in the same direction.
- At this point there may be a big trap here.
While BTC tries to be faster than SPX500, and has more volatility.
The SPX500 is steal in a down trend, this week there may not be a reversal, but just a pullback.
And the US trend will continue to move downwards. Which will lead to a rapid drop in BTC and most likely an update of local LOWs.
Well, in my opinion the best way to earn maximum money for MarketMaker is try to set BTC on local maximums (66.5-68.5), then drop it down acording US trend.
If US continue pullback to local week hies. I think BTC can update 72.
This plan is valid until 04/26/2022_23:00
Next week is new plan.
Thanks for watching and sharing your opinion with me.
Here's my simple analysis for current week Only.
Let's try to compare US market and BTC.
- On the charts I see that BTC traders are more positive than US market.
- It seems to me that they are trying to predict and overtake the movement of the stocks.
For example, this Friday, the Index met good resistance and Monday morning showed a pullback.
Over the weekend, BTC slightly pulled back ahead of the rollback and froze in anticipation of Sunday. On Monday, he also continued his journey upward.
What am I talking about?
- How is your Daddy?
- US Market is your Daddy
- I'm comparing D1 candle type on SPX500 and BTC and see that, trand candles on US market ultimately force BTC to move in the same direction.
- At this point there may be a big trap here.
While BTC tries to be faster than SPX500, and has more volatility.
The SPX500 is steal in a down trend, this week there may not be a reversal, but just a pullback.
And the US trend will continue to move downwards. Which will lead to a rapid drop in BTC and most likely an update of local LOWs.
Well, in my opinion the best way to earn maximum money for MarketMaker is try to set BTC on local maximums (66.5-68.5), then drop it down acording US trend.
If US continue pullback to local week hies. I think BTC can update 72.
This plan is valid until 04/26/2022_23:00
Next week is new plan.
Thanks for watching and sharing your opinion with me.
Comment:
Looks Like SPX is going down, BTC too
Almost returned to the weekly maximum.
-The trend is labeled as rising.
BTC has already regained its position and made a weekly high, now waiting for SPX
Today is X-day.
I want to see how SPX reacts from the weekly high 5172.
In case of SPX breakdown and consolidation above the weekly level, I think BTC will give a pump.