News Feed

• Diversitas

  16h ago

  1/1Morning update:We continue to move sideways like most of the weekends so there is not much to say at this point. Have a great Sunday and we will be back with our updates tomorrow🙌

• Diversitas

  26 Nov, 2022

  1/4Morning update:Yesterday was another sideways day for stocks as well as crypto. Meanwhile, we are seeing a lot of drama on Twitter. There are now rumors about wrapped $BTC and how it may not be fully backed😅Binance also posted its proof of reserves and there have been a lot of critiques about it. Now they are claiming that this was just the first step and they will post an audited one in a few weeks🤔Not sure what to think of all this but we believe it is healthy to question all these things as this is the only way we can prevent the FTX-like story to repeat👌

• Diversitas

  26 Nov, 2022

  2/4Secondly, our indicator is printing top and reversal signals when it comes to SPX. Yesterday we also got a bear flag meaning that we may soon see a correction. Once it happens, it will be interesting to see how will $BTC react. Definitely, something to watch👀

• Diversitas

  26 Nov, 2022

  3/4On the flip side, we are getting bull flags when it comes to the dollar index. Considering that SPX and $BTC go down when DXY, goes up this could be another signal for correction in the stock market and final capitulation for crypto🤔

• Diversitas

  26 Nov, 2022

  4/4Last but not least, we are still seeing negative Coinbase Premium, which is also signaling that the pain may not be over when it comes to crypto. This is also the reason why we are patiently waiting for the final capitulation event with 30% of our position in stablecoins⌛$BTC $USDC

• Diversitas

  25 Nov, 2022

  1/1Morning update:Yesterday, the stock market was closed due to Thanksgiving. Crypto on the other hand moved mostly sideways. Today, the trading hours are shorter so this may be another day with little action. Therefore, there is not much to say at this point so have a great day and we will be back with our updates tomorrow🙌$BTC $ETH $BNB $USDC $LINK

• Diversitas

  24 Nov, 2022

  1/4Morning update:The markets are so desperate for the pump, that they tend to ignore all the negativity and focus only on things that could potentially positively impact it. Yesterday was no different and we saw the markets pump after the FOMC minutes came out🤦‍♂️Basically, the FED may do a smaller rate hike in December but is not thinking about a pivot. Just the opposite, they will need to hike even more than they expected. They are also starting to talk about the recession. They think we could see a recession in 2023. Definitely the reason for a pump😅https://www.federalreserve.gov/monetarypolicy/fomcminutes20221102.htm

• Diversitas

  24 Nov, 2022

  2/4Secondly, the statement about the ultimate level of the Fed Funds Rate is another interesting statement that bulls are ignoring. Here is the quote👇“Many participants commented that there was significant uncertainty about the ultimate level of the federal funds rate needed to achieve the Committee's goals and that their assessment of that level would depend, in part, on incoming data. Even so, various participants noted that, with inflation showing little sign thus far of abating, and with supply and demand imbalances in the economy persisting, their assessment of the ultimate level of the federal funds rate that would be necessary to achieve the Committee's goals was somewhat higher than they had previously expected.”In other words, they will need to hike more aggressively in order to get the inflation down. especially if they do not want high inflation and recession at the same time → Stagflation📉

• Diversitas

  24 Nov, 2022

  3/4In our view, they will hike rates so high that the economy will break and get inflation down with the recession/lowering of the demand side of the equation. This definitely won’t be fun so being cautious here is advised. We are also seeing the recession stocks going up meaning that the market is starting to expect it. Stocks connected with alcohol, fast food, etc. are things that usually perform well during the recession and we have seen them fly over the past few days👀How will $BTC perform during the recession? Hard to say as it has not yet seen one. That being said, our guess is that it will drop in the first wave just like everything else and then slowly bounce or trade sideways for another year. The theory about the next bull cycle starting in 2024 around the halving is becoming more and more likely🤔

• Diversitas

  24 Nov, 2022

  4/4Last but not least, we wish you and your family happy Thanksgiving!😊