SUNDAY UPDATE: IT’S “HALVING” WEEK FOR BTC

“Waking up to a weekend mini-massacre in BTC!”

“Sell, Mortimer, SELL!!” … looks like BTC opens tonight in Asia with about a

13% drop from Friday’s close … 10K to $8700 [so far, with the low around 8000

& change at the bottom in panic selling] is gonna say “OUCH”!, to a bunch of

leveraged LONG position holders … there’s the BTC you buy and HODL

[Hold ON For Dear Life] when panic sets in, like what we saw in March 2020, and

that you never sell … then there’s the BTC you trade, don’t take home overnight

when you’re away from the screen, AND NEVER DO “STUPID SHIT”, like walking

away from a BTC trade cuz it’s the weekend … quite frankly, TRADE the frickin’

thing, don’t date it! … and btw, the “halving” comes sometime on Wednesday,

so it should be an interesting week to say the least … buckle up Skippy!

Directly below, the “CRYPTO, STOCKS, & CRUDE OIL VIX MATRIX TABLE” for

the current week, followed by the charts of the relevant 20 Day Range MA’s.

click on ANY table or chart to enlarge

Please note, that table values for BTCUSD, ETHUSD, XRPUSD, LTCUSD, &

BCCUSD [fromerly was BCHUSD in prior tables], the figures are from COINEXX

… EOSUSD, ETHBTC, & DASHUSD remain at CRYPTO ROCKET [CR].

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

BCCUSD & DASHUSD

Last week saw a big runup in BTC relative to all other coins … we’ll see if that

continues this week, especially once markets get going in earnest when Asia

opens … there was news late Friday of a large spike in coronavirus cases in

South Korea, in what might be called “wave 2” … the selloff began in earnest

around 8 PM EST on Saturday night, so I’m not sure if it’s just sell stops in thin

conditions, or there’s bearish BTC news … we’ll see once things open up later.

STOCKS

AAPL, AMZN, GOOG, & TSLA

CRUDE OIL

WTI CRUDE OIL

Even though I won’t be commenting on oil any longer, I’ll still do the statistical

work for those who either choose to trade some CFD or the oil futures, whether

emini or full contract.

Onto the week … until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas