Glenn De Groote

Just looking at charts and doing something with it

[More Trades More Dates @TradesforDates]

$vix at resistance. Break-out would mean more volatility and the S&P500 eventually trending lower.

[zerohedge @zerohedge]

Looks like Poland raised its inflation target to 10%

[Andreas Steno Larsen @AndreasSteno]

German PPI out this morning at -6% YoY

European inflation looks set to fall off a cliff.

More -> https://t.co/mCCy7ldlqv

[Benjamin Cowen @benjamincowen]

As mentioned, the average return of #BTC in August of its pre-halving years in -21.3%.

If you exclude 2011, the average return is -11.7%.

From the monthly open:

-21.3% would put #BTC at $23k.
-11.7% would put #BTC at $25.8k.

#BTC is currently 5% down in August.

[Benjamin Cowen @benjamincowen]

#SPX / M2

When accounting for the money supply, the S&P 500 has had a hard time breaking through this range.

I find it fascinating that when accounting for M2, the tops have all been around the same level for the last several years.

[Benjamin Cowen @benjamincowen]

Remember, this #Bitcoin correction has always happened in Aug/Sep of the pre-halving year. It happens due to a seasonal correction in #SPX (down 4% this month) in the pre-election year.

[Coin Bureau @coinbureau]

So PayPal has just launched a stablecoin issued by Paxos which is backed by USD deposits.

Isn't this just $BUSD in another form? 🤔

https://t.co/Fr1tspDFmm

[Benjamin Cowen @benjamincowen]

During the last 3 pre-halving years, #Bitcoin fell below its bull market support band in Aug/Sep.

The purpose of this correction is to flush out as many of the scams and cash-grabs prior to the the halving.

No guarantee it happens this time, but certainly a strong possibility

[Watcher.Guru @WatcherGuru]

Elon Musk says he will execute on his 22-year plan to make X the most valuable financial institution in the world.

[Benjamin Cowen @benjamincowen]

#SPX / M2

We are now at the pre-pandemic high, but just below the 2021 high.

[Andreas Steno Larsen @AndreasSteno]

😂

[Benny Johnson @bennyjohnson]

🚨RFK Jr. gives his opening statement before the Subcommittee on the Weaponization of the Federal Government, gets ROARING applause

[Cameron Winklevoss @cameron]

The sale of XRP on exchanges is NOT a security. Which means the sales of all cryptos on exchanges are NOT securities and @SECGov and @GaryGensler have NO jurisdiction over them. This is a watershed moment that relegates the SEC to TradFi and makes it a dinosaur regulator. Buh-bye

[Ben Rickert @Ben__Rickert]

BRICS+ will cover over 40% of the global population, are major producers of essential commodities. Most countries within the trading block are now reluctant to accept USD fiat money for their real goods and have collectively formed the conclusion. Our commodity, your problem.

[Ana Mostarac @anammostarac]

How do you identify?

[Anthony Pompliano 🌪 @APompliano]

A young Warren Buffett explains why investors must be comfortable being bored for long periods of time.