Wishes for a nice month everyone and let's all pray for logic and Peace in the World.đ
đ November has started with a bang, and we're seeing some interesting movements in the financial market. đ
đ Observations:
Bitcoin's Rollercoaster: BTC took a slight dip today, even after a splendid performance post the Federal Reserve announcement. đž
Inverse Correlation Emerges: Historically, Bitcoin & S&P 500 moved hand in hand. But now? They're moving in opposite directions at times! đ
Past Patterns: Dive into 2018, 2019, and 2020, and you'll see this dance between BTC and S&P 500. Correlation breaks, then normalizes, and ultimately... BOOM! đ A significant price movement ensues.
đ€ Thoughts:
ChatGPT Insights: Looked up ChatGPT for more on this correlation break. Factors like market sentiment, liquidity, and micro events could be playing a role.
Current Market Trend: Bitcoin's moving up while indices correct. What's next? We might see this correlation normalize soon. đ
The BIG Resistance: Keep an eye on Bitcoin as it approaches the major resistance level I've been talking about. This could be a pivotal point! đ
đ„ Hot Takes:
Bitcoin: Feeling bullish! Major support lies around 34,000, and I'm optimistic about BTC reaching the 37,000 mark and beyond. đ
S&P 500: Spotted a significant resistance at 4,327. Bearish trends have been dominant since last year, but a break above this resistance could change the narrative. đ» vs đ
In conclusion, watch out for the correlation between Bitcoin and the S&P 500. When it breaks and normalizes, it might just present a golden opportunity! đ Keep observing, analyzing and take grown up decisions; stay vigilant, and remember to do risk management and have patience đ°
One Love,
The FXPROFESSOR đ
link:
đ November has started with a bang, and we're seeing some interesting movements in the financial market. đ
đ Observations:
Bitcoin's Rollercoaster: BTC took a slight dip today, even after a splendid performance post the Federal Reserve announcement. đž
Inverse Correlation Emerges: Historically, Bitcoin & S&P 500 moved hand in hand. But now? They're moving in opposite directions at times! đ
Past Patterns: Dive into 2018, 2019, and 2020, and you'll see this dance between BTC and S&P 500. Correlation breaks, then normalizes, and ultimately... BOOM! đ A significant price movement ensues.
đ€ Thoughts:
ChatGPT Insights: Looked up ChatGPT for more on this correlation break. Factors like market sentiment, liquidity, and micro events could be playing a role.
Current Market Trend: Bitcoin's moving up while indices correct. What's next? We might see this correlation normalize soon. đ
The BIG Resistance: Keep an eye on Bitcoin as it approaches the major resistance level I've been talking about. This could be a pivotal point! đ
đ„ Hot Takes:
Bitcoin: Feeling bullish! Major support lies around 34,000, and I'm optimistic about BTC reaching the 37,000 mark and beyond. đ
S&P 500: Spotted a significant resistance at 4,327. Bearish trends have been dominant since last year, but a break above this resistance could change the narrative. đ» vs đ
In conclusion, watch out for the correlation between Bitcoin and the S&P 500. When it breaks and normalizes, it might just present a golden opportunity! đ Keep observing, analyzing and take grown up decisions; stay vigilant, and remember to do risk management and have patience đ°
One Love,
The FXPROFESSOR đ
link:
âšđŠ đđ CRGPT Token : Join the Crypto AI Revolution đ www.cryptogpt.io/
đFOREX SPECIAL: fxprofessor.com/forex-special đĄđđŹ Public Telegram: www.t.me/fxprofessor88 đ
đFOREX SPECIAL: fxprofessor.com/forex-special đĄđđŹ Public Telegram: www.t.me/fxprofessor88 đ