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Parabolic Correspondence

Risk-ON!!!
10/31/19

Market Structure:

Overnight out team spotted a market structure that could trigger a very strong RISK-ON scenario for all asset classes. 

The last major Bitcoin bull run occurred as the S&P500 cleared one Major Fibonacci Resistance and headed towards the next. 


What is "RISK-ON"?
In Sept of 2016, $SPY broke above it's respective 1.618 Fibonacci level, and headed towards the 2.618.
The index moved towards its next target without significant pullbacks until very late in the move.

During the same time period, BTCUSD  gained %3500, climbing from the corrective lows of $549 to the infamous all-time high of $20,000.

Risk-on scenarios are when investors have a high-risk appetite and bid up the prices of assets in markets.

From 9/29/19:

Through our newsletter, we aim to alert our subscribers of unique opportunities, and key areas of the market to focus on.

On 9/29/19, our BTFD newsletter highlighted our expected turn for $BTCUSD. 
Over the course of the following weeks, we were able to secure our long entries at our %61.8 retracement zone. Subscribers that capitalized on our data, wether on margin or spot, have likely captured the swing low for what could potentially be the next Bitcoin bull run. 

RISK-ON Cycles:

Market cycles during a trending, and non-corrective nor consolidating SPY, when correlated to Bitcoin, show a clear relationship between $SPY bullish impulses from one Fibonacci level to the next and $BTC Impulse cycles. 
A big picture illustration is provided above, SPY corrective phases result in $BTC corrections, and seemingly "Bear Markets" of large scale 80% corrections. These are typically followed by another Risk-on scenario.  

Two questions you need to ask yourself:

Are you positioned to capitalize on a Risk-On Scenario? 
Are you Hedged in case it's a Bull-Trap? 

In the coming days, we will be publishing a deep dive into the oncoming RISK-ON period on Medium, https://medium.com/@coinobs
Make sure to subscribe, as well as touch up on our previous publications. 
The medium publication will attempt to decipher what's ahead for BTC, ETH, and the Altcoin Marketcap in case Risk-On is actually On! 

 

Want the inside and real-time analysis along with our signals?

Join our trading community on Discord, and ask for a Guest Pass!
https://discord.gg/wxCW7xk
 

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