Powerful Sell Alerts on BTC/ETH/SPY ! Buy alerts on USD and % !
Have to be extremely careful of alt bags if BTC and Eth are as bearish as they are
BTC is the sun to the space and when it falls hard the rest will follow harder. This means that we can lose 20% - 50% - 80% value in alts fast esp the low cap high risk alts.
These alerts can quickly change and new data needs to be reacted upon so have to stay up to date
This can mean that current candle printing may print and unprint esp on timeframes such as the monthly when its only half way thru the month.. all we have to go off is the current data and currently that is looking bearish for btc/eth/spy and bullish for usd/yields.'
If btc is the sun of the crypto space then US gov yields are the sun to the finance space
With the USD and Yields close to breaking out then this is another sign of weariness to risk positions esp low cap altcoins as a the height of risky positions.
Admiral Ackbar told me its a trap look
These breakouts in DXY and Yields can be a trap in which price goes just above piercing resistance only to fail.. and failed moves move fast. That would be a trap but it is speculation until more confirmed data comes in.
Follow and click the link in tradingview to keep up to date with the data
Cheers !
BTC is the sun to the space and when it falls hard the rest will follow harder. This means that we can lose 20% - 50% - 80% value in alts fast esp the low cap high risk alts.
These alerts can quickly change and new data needs to be reacted upon so have to stay up to date
This can mean that current candle printing may print and unprint esp on timeframes such as the monthly when its only half way thru the month.. all we have to go off is the current data and currently that is looking bearish for btc/eth/spy and bullish for usd/yields.'
If btc is the sun of the crypto space then US gov yields are the sun to the finance space
With the USD and Yields close to breaking out then this is another sign of weariness to risk positions esp low cap altcoins as a the height of risky positions.
Admiral Ackbar told me its a trap look
These breakouts in DXY and Yields can be a trap in which price goes just above piercing resistance only to fail.. and failed moves move fast. That would be a trap but it is speculation until more confirmed data comes in.
Follow and click the link in tradingview to keep up to date with the data
Cheers !
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