Thread by @nap_trader

ES Short Squeeze - Stock market lookin good, Crypto....eh.
#Cryptocurrency #Market/#Bitcoin market analysis 9/9
So, there was a short squeeze. A really, really big one. A lot of weird crap happened, but a lot of people keep looking in the wrong place.

Why? Because it's the $SPY that gapped up on it's futures, not some magic $BTC move as BTC follows the SPY these days. tradingview.com/x/THGgHIdC/

Notice the $ES moving up here, hours before BTC follows. Why would anyone wait for this or even care? But I digress, that's not what we're here for. How is all that doing anyway?

4h is now potentially bullish, subject to a very small gap for the 200ma on 4h for SPY, and 1d is not even close. tradingview.com/x/scYpDVCN/

1w and 1 month show that we could turn around here. Which is ultra telling considering BTC at insane lows courtesy of people exiting the BTC market because the stock market is maybe okay for now if not just fine. tradingview.com/x/2fLDeSpb/

As a result however, shorts got liquidated or longs took profit, to accommodate the move in either direction. Look on aggr. imgur.com/obbBRzs

Are #shorts getting liquidated? Yes, of course. But was that the target? Given circumstance of nonstop dumps, of course people need a new "answer" to chase. I present to you : #M2 (money supply vs marketcap).

https://twitter.com/JanWues/status/1568227217477406720

Also: OI roared on the rise, only shorts remain. So... do we go down? imgur.com/70fWCOv . If there's enough retail to liquidate these shorts, we will go up, which is possible for Monday. If not, we go down. Is this bullish? LOL no.

Seriously, just stop this people. This is some wishful garbage mumbo jumbo that will take a week to get debunked and people will move on. $BTC is not a hedge for inflation and never was. It's not sound money, either.

It's an investment, you can make money from it, or you can lose money from it. Just stop deluding yourself. What's coming? Well, this thing right here is the most likely outcome given Friday for the stocks. Hint: #not a #bull #flag. tradingview.com/x/ZybghkIm/

Will some stocks go up and some cryptos? Yes, for a bit. But...yeah. This is not a strong start. I'm eyeing some $PLTR, $WEN (Wendy's Tendies) and all that but do I expect it to last? Not mostly.

In other news, Russia is getting demolished by Ukraine -

https://twitter.com/Osinttechnical/status/1568351561105166336

and so will likely start this show of running into the ground by threatening oil because that's all they have.

So what happens when Russia is no longer a world power, with their Oil exports gone because they're replaced by Kazakhstan? We're possibly in a scenario to find out. reuters.com/business/energ…

Take a guess who we're going to work with and why US reserves are not likely an issue: reuters.com/business/energ…

In short, watch for regulations for crypto (Gensler said they're coming - read in full -

https://twitter.com/GaryGensler/status/1567982495353667585

), Oil status, and Russia status. Those will tell us direction.

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