29 September 2022
Directly relevant to crypto is the dollar index (DXY) – if it falls crypto should rally. Right now we are testing the peak of the 20 week cycle which is due to roll over with the next trough expected mid-November. The second 80 day cycle in the set is due to trough at the same […]
23 September 2022
The key drivers we typically look at for a crypto read across, Nasdaq futures and Gold, are both heavy and grinding lower – that’s the backdrop. And the assessment remains that Ethereum is headed down to a mid-November low driven by the down swing of the current 20-week cycle which kicked off mid-June. I think we […]
19 September 2022
For me, the most important chart currently is the US Dollar index (DXY). On the one hand, it is a good proxy for inflation and therefore recession, and therefore Fed action (currently destructive to the market and probably by design). As the dollar rallies, it speaks to more economic stress and as a corollary the […]
13 September 2022
Here’s the Dollar Index (DXY) daily. While DXY falls, crypto vs. USD rallies. This chart is a projection of the price trajectory. The 20-week cycle has very likely topped and is headed down. This is the tailwind for the current decline and the next trough is not due until November. However, there should be a reaction rally in about […]
23 August 2022
A few weeks ago we were considering the spread between Ethereum and Bitcoin (XETXBT) and noted that it looked to be running into a mature phase and was likely to top out. It had more power than expected and pressed on higher, but yesterday cracked at a key support-resistance level going back to May 2021. Not only […]
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