4 August 2022
Ethereum and Bitcoin continue to grind lower, having failed to take out key resistance levels. However, the MSCI World Tech index has broken out. This is an interesting divergence and is clearly highlighted in the charts since the June lows. You can see the two series starting to go in different directions now. It’s worth […]
#MSCI World index
15 June 2022
Stepping away from crypto for today for another read across. MSCI World Index which represents all of world equities has nearly a 90% correlation with Bitcoin. The weekly chart shows MXWO approaching a key balance level of 2430, roughly 100 points lower. This is the resistance line that goes back to January 2020, and which was effectively […]
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