So, our big bearish channel trend got confirmed. tradingview.com/x/mLp5u6eS/ Nothing has changed outside of that, really.
#CPI is slightly bearish #PPI is bearish, #quadruple witching is tomorrow. Looks like people dumped close to a billion dollars of $BTC a couple days ago, and over 5 billion since August.
Everything shows that basically crypto is having a liquidity crisis. People don't realize the entire hodl model was to add liquidity to crypto, but crypto is hostile to liquidity anyway (burns, buybacks, deflationary metrics).
Surprise: doesn't work. Post $ETH merge is unsurprisingly bearish. Number goes down. tradingview.com/x/L81rcJuA/
Even short term $SPX looks ready to test 3600 ish, about another 10% down - which should be 30%+ for crypto. tradingview.com/x/ExMQmwfi/
Not much to say, just same old stuff. Any pump is short lived and the real recession will hit q4/q1 2023, most likely. $DXY continues to moon because duh. tradingview.com/x/jpFfPcd2/
This sort of $DXY implies we could have a solid few years for that to correct. Even a short term correction just confirms bullishness unless we return to 4/2021 (peak btc) levels, which doesn't look even remotely likely.
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