Point of this idea is future reference!
Candles - DXY
Yellow - Bitcoin
Blue - SPX
Comparing cycles of BTC with regards to the dollar and stock market.
For a booming iconomic cycle we need:
1. Access of money
2. Access of optimism
3. Low risk tolerance
At end of 2017 we had SPX at ATH , tanking dollar , optimism in the markets and willingness to invest in risky assets such as bitcoin.
Lows of BTC corresponding to SPX lows and uncertainty in the markets.
Since than we have a rally in the markets, new ATH for SPX , strong rally in BTC up to 14k with no formidable resistance over.
Only thing we are missing is the weak dollar to fuel even further the rally and here comes president Trump.
Trade wars with China and upcoming 2020 elections, president Trump bashing the FED for increasing interest rates , led to FED lowering them.
For next year if not this one in orther for him to get reelected, I assume we will have a resolution and coming to terms regarding the trade war , president Trump wants weaker dollar and will continue his pressure towards the FED to lower even further the interest rates, this may(will) lead to weaker dollar ( not necessary) and will fuel the upcoming rally of BTC and stock market rally even further.
Candles - DXY
Yellow - Bitcoin
Blue - SPX
Comparing cycles of BTC with regards to the dollar and stock market.
For a booming iconomic cycle we need:
1. Access of money
2. Access of optimism
3. Low risk tolerance
Since than we have a rally in the markets, new ATH for SPX , strong rally in BTC up to 14k with no formidable resistance over.
Only thing we are missing is the weak dollar to fuel even further the rally and here comes president Trump.
Trade wars with China and upcoming 2020 elections, president Trump bashing the FED for increasing interest rates , led to FED lowering them.
For next year if not this one in orther for him to get reelected, I assume we will have a resolution and coming to terms regarding the trade war , president Trump wants weaker dollar and will continue his pressure towards the FED to lower even further the interest rates, this may(will) lead to weaker dollar ( not necessary) and will fuel the upcoming rally of BTC and stock market rally even further.