Another idea why the stock market dumped in relation to bitcoin


When you look at the bitcoin (and in general crypto market cap) you see the big support at about 6000 since months now. The ups are getting lower and lower. Its a clear descending triangle. The drop today of bitcoin was just a logical step followed by this triangle. You can do some simple TA on it or have a look at all the analysis [https://www.tradingview.com/ideas/descendingtriangle/](https://www.tradingview.com/ideas/descendingtriangle/)

So but why did then the stock market have this big dump? Lets first look again at bitcoin. The triangle is coming to an end within the next days, maybe 2 weeks or less. So there are of course 3 possibilities: Bear market, bull market or even more sideways. But after this kind of triangle and based on the bitcoin long holders and history, most people except a bull market.

Also the volume is decreasing the last weeks and days, which is a big signal for a bear trap, before we see a big bull market again.

To finally get back to the stock market. There might be a chance, big investors took out some percent of their wealth of the stock market, and will invest it in bitcoin, as they see the charts, the analyses and the next logical step of bitcoin.

The stock market drop was not very big, but the timing of both is just so perfect. And bitcoin did for sure not follow stock market, as bitcoin is in a real trianguar phase. More I think stock market followed bitcoin now for the first big investors coming in.

Last but not least the first ETF will finally be approved the next weeks. Altough they talk already a long time about the ETF, maybe some big investors know more about it. And I am sure they do.

View Reddit by InfinityLifeView Source

I’m so disappointed how crypto prices reacted to yesterday’s stock market “crash”


I like to invest into crypto because I see it as an alternative to the traditional financial system. I hoped when [this economical bubble we are currently living in](https://www.youtube.com/watch?v=ZBcOyv8LZ8s) deflates, some money is going to stream into crypto and it’s going to get stronger.

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But today we could see the exact opposite. The Dow Jones Industrial Average had one of the biggest drops this year and crypto prices followed. While other alternatives to fiat, like gold, had a really good day. I understand that most of the money in crypto is just speculation and everyone just keeps treating it as the “more volatile stock market”. But I would be lying if I said; I was not a bit disappointed that the original idea and community around crypto faded away. Nobody is going to want to buy bitcoin if we have a new recession, everyone is going to be running away into safer assets.

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And what is a decentralised asset worth if nobody trusts it?

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View Reddit by b3no_coin

This is why Futures are bad for bitcoin. As margins get called in the stock and bond market, people put up btc futures as collateral. The other market goes down, the paper bitcoin gets sold off. This is why the futures have the lowest price at 6160 and Bitfinex is at 6330. Something something tether


This is why Futures are bad for bitcoin. As margins get called in the stock and bond market, people put up btc futures as collateral. The other market goes down, the paper bitcoin gets sold off. This is why the futures have the lowest price at 6160 and Bitfinex is at 6330. Something something tether

View Reddit by QuippykissetView Source