Pay attention to the VIX here, as long as it continues to close daily candles below 19 I expect the rally in stocks and BTC to continue in August.
$VIX$SPX$BTC
1/12 🚨Could The Federal Reserve’s Recent Move Restart The Crypto Bull Run? 🚨
Markets are rallying after the Fed scaled back quantitative tightening (QT). However, this isn’t the shift needed to fuel a sustainable rally in altcoins.
Let’s break down what’s really happening👇
It is my view that QT will end at some point later this year.
Do NOT give up.
Restrictive (high) rates and QT can not last forever.
Risk on will return. – at Cascais, Portugal
Max pain here is Btc goes sideways and up forever
Alts put in Btc/Alt catch-up trade fakeouts forever
No crypto retail investors ever gets enough Btc
We all go psychotic in the trenches and remain poor
Institutions buy all our Btc and stay rich