$DXY
The dollar is crashing hard while the $BTC dominance has reached a significant top. $USDT dominance is also looking bearish:
If you look carefully, you'll find that an #Altseason is on the way:
Bitcoin OTC Desk balance is declining sharply
โIn September 2021 the OTC desk balance was around 480k BTC and today it sits at 146k BTC left.โ โ By @Darkfost_Coc
Read more ๐
https://t.co/RCNlSeauDT
Final rally in SP500 and US equities has NOW been kicked off!
And we have a very good indication of where the top will be.
Euphoria will develop! Bulls confidence will dominate! Right into the top ๐
See chart here:
https://t.co/UUK5qxSU99
The bullish news for $BTC is not stopping!
Another major global bank has announced plans to offer Bitcoin and crypto services, this time targeting the EU market.
This hurts my brain! ๐ค
JOBS in the US:
2 surveys track job creation:
1. Establishment Survey
2. Household Survey.
Both conducted by BLS.
The most precise one has always been Household Survey. Less than 0.1% revision.
Establishment Survey has seen revisions of 68K jobs per month (on average) for the last 5 years.
At this point, there is a difference of ~1.57M people between the 2 surveys in how many people that holds a job in the US (part & full time).
Household Survey estimates the number lower than the Establishment Survey.
According to the Household Survey, the US has lost 1.3M full time jobs over the last 13 months - but has created 0.6M part time jobs. A net of minus 0.7M
According to the Establishment Survey, the Economy has created plus 2.7M jobs in that same period.
The Establishment Survey counts number of jobs - and does not care if 1 person works multiple jobs.
The Household Survey counts number of people with a job.
In November 2024, Household Survey estimated a LOSS of 355K jobs (people counted)
Same month, Establishment Survey estimated a GAIN of 227K jobs.
In other words... according to the one of them - the Economy is thriving. According to the other - the Economy is rolling over.
They cannot both be correct!
Which one does the Fed use......... ๐
THE ONE WHICH IS REVISED BY 68K JOBS ON AVERAGE EVERY MONTH AND ALLOWS FOR MULTIPLE COUNTING OF JOBS PER PERSON
oh boy! ๐คฆโโ๏ธ