Banking Crisis
Arthur Hayes published a report on the current banking crisis and how the fed saved the banks for now.
This is what he said in his last report:
The Fed printed $4.189 trillion in response COVID. Right off the bat, the Fed implicitly printed $4.4 trillion with the implementation of BTFP. During the COVID money printing episode, Bitcoin rallied from $3k to $69k. What will it do this time?
Bitcoin Roadmap
The Banking Crisis zone has been broken. There could be a low timeframe pullback into the zone, as long as the zone holds the sky is clear for higher targets.
Next big zone in play is the Luna zone. Which is 38k on Bitstamp.
I'm using the BTCUSD/XDRUSD calculation to spot more accurate levels.
Ethereum Roadmap
Once the Lambo zone breaks the sky is clear for much higher prices.
First big zone after the Lambo zone is the Vitalik zone.
I remain bullish as long as the Banking Crisis zone holds.
Proton Algo (Crypto)
So the Proton Algo is giving its first ‘‘trending buy’’ signal since the start of the bullmarket in 2020. This is a major sign.
As soon as the dollar is giving a ‘‘trending weak’’ signal we have confirmation for higher prices of and extended period of time.
Proton Algo (Forex)
The Proton Forex Algo is still signalling a sell signal for the DXY. So far so good.
Altcoin Index
This is an equally weighted altbtc index.
This index is now at the POC of the range since 2016. Big bounce is possible at this level. If this happens, the whole altcoin market will bounce (altbtc ratio's).
Get ready for alt season once the Alt Season zone breaks. If the POC zone breaks, the next major zone is the HODL zone.
My bets are on a bounce at the POC zone for now.
Summary
Arthur hayes published in his last report that the current banking bailout is bigger than the COVID rescue package. This is bullish for risk assets such as crypto.
Proton Crypto Algo giving its first ‘‘trending buy’’ signal since the start of the 2020 bull market.
Proton Forex Algo is still giving a sell signal for the DXY.
Bitcoin and ethereum charts look bullish as long as the Banking Crisis zone holds.
Fiat to zero. Proton to 100x.