This 6 week or so exact connection between prices (direction) of Bitcoin & Nasdaq seem
To be breaking for first day in a while. I wanna see what happens next few days or see totally opposite movement in a strong way tomorrow.
(Update after posting price change ⬆️ )
Seeing Nasdaq up with S&P and DOW down it’s another example it’s the NASDAQ moving bitcoins direction not markets overall.
This trend will change at some point. It’s been this way all of 2022 and the past 4 weeks to a exact science. I have been discussing this and waiting for a change but it’s locked in for now. Again to be clear this will change at some point. I wanna see bitcoin bounce while Nasdaq is down just once. I don’t like this trend as it looks weak for bitcoin and most cryptos follow bitcoin. Even our beloved Hive is going along with the trend generally unlike its independence most recently when it went to $3.34 breaking past a dollar easily while bitcoin went sideways. Hive is in my opinion one of the top three best crypto bets.
I am predicting Nasdaq hasn’t bottomed yet and when Fed raises rates a few times the market has to take a bigger hit then we have already seen. But we were only a couple hundred points away from the 12K Nasdaq we discussed above 16K. Now it’s likely 11K is seen in my opinion. The only but is if the Fed gives up and keys inflation Ian the dollar. The dollar index just compares dollar to other currencies and has nothing to do with inflation so the war drums giving dollar a bounce doesn’t mean a thing regarding inflation.
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