The first four tables show only the largest one-day changes between a given day's close and the close of the previous trading day,[1][2] not the largest changes during the trading day (i.e. intraday changes). *The two largest point drops in history occurred the week of February 5, 2018, though this chiefly reflects the absolute magnitude of the Index at the time; in percentage terms, it has little significance.* en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average
data.bitcoinity.org/markets/volume/5y?c=e&t=b The highest volume ever recorded in Bitcoin came from Chinese exchanges in 2016. THOSE volumes DWARFED the volumes on our all-time high. Coincidentally, Bitcoin pumped, soon after...
Trump. China. Trump trade war WITH China.
The 6k support level has, at least until this point, been nearly unbreakable. It just so happens we're in a symmetrical triangle since the $8,500 high. It also just so happens that the DJI (Dow Jones Industrial Index) is showing weakness, and a few reputable traders are calling for a massive dump in the stock market, SOON. Take a look yourself. Look at the strength the DJI had on its previous (very recent) all time high. Then, on it's new all time high. What is the strength?
If you really believe Wall Street hasn't been accumulating, you might want to take a look at the comparison between our economy, and Bitcoin. The charts. They show something that not very many people are speaking about. Coincidence? Let me know in the comments.
Came to see what `Teh' salesman is selling today! (To be honest I hate the 'teh' in 'the saleman'... It just doesn't sell it to me if you know what I mean...
deactivatedaccount123
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@heyitskolin, Haha, that was the point. xD
OklanoNguyenThanh
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Good to see you back ! Keep it up , im sure one day you will be the best in the business . You wrong many time , but you still trying . I'm glad to see you that you still in the game and keep learning . Have a great day !
pantalons
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Are you saying both DJI and BTC are going to dump, or that DJI is primed for it but not BTC? Sorry a bit confused here.
deactivatedaccount123
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@pantalons, I have no real opinion on the subject other than that in history, BTC is very closely correlated to the DJI.
It appears to me that the DJI, S&P 500, and others are beginning to lose massive strength. This has a lot of time left to play out though.
One very reputable trader that I trust to make good calls believes that the stock market is going to see a downturn within the next 2-6 weeks or so. Who knows..
dRends35
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Its interesting that Crypto and stocks peaked with a blow off top around the same time, but then diverged. DJI is lagging and is in the same range, but others; NASDAQ are right now making new highs having pushed on significantly this year. Then there is crypto that topped and went down the plughole. The correlation perhaps is that crypto is still fantasy la la sccamworld, is the most speculative market and for that reason is and will take the lead to show the way into the next recession.
Many (some that I 'follow') having been boasting that stocks had already reached ATH, and so i'm very much not suprised to see them pushing on. That said, perhaps the top is arriving, though I wouldn't be suprised to see another blow off top to squeeze out many looking for the reversal. I think waiting for the charts to print is a better way to get involved than predicting the top, even for these hot shots. However there's a lot of ego, and they have followers to try to dance for
deactivatedaccount123
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@dRends35, I agree that the charts still need time to print. I do however believe we're seeing much less strength as well. Volumes in both the SP500, and the DJI are beginning to fall. Only time will tell
dRends35
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@MC_Peewee, No strength anywhere, but stocks bit more interesting price action currently. Its good to see that you're looking elsewhere, cos anyone that just looks at Bitcoin will get a square eye