Buying rumors, Selling News. Am I right?

Buying rumors, Selling News. Am I right?

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According to Bloomberg a 50-day correlation coefficient for Bitcoin and gold is around minus 0.4, the lowest since 2018. For now, Bitcoin remains tightly correlated with the Nasdaq 100 index. The Nasdaq 100 is down about 15% this year, while bitcoin has shed some 16%.

NAS100 index is still got a room 6-12% to go down.

US30 on a daily chart is in descending parallel channel and can drop around 10% as well.

April 18 is the last day for filing tax returns in the United States this year, previous 2020 year it was on April 15 and right after that market was crashing ~25% within few days(2). Nowadays we even got that bear flag pattern with possibility to go down till around 29k usd(4), if the price bounces down from the parallel channel line(3).

Here is the close view to the situation, at the moment it bounces down, but lets wait how the daily candle gonna be closed.

Weekend GAP at CME exchange were closed already within few hours this Monday.

Another thing to stay more suspicious this week - April 20 - Beige Book,  this report is published eight times per year and after each one there was a dump on Crypto market.

U.S. Fed Beige Book is a report published by the United States Federal Reserve Board on the basis of reporting documents of 12 regional banks that are part of it, eight times a year. 

Here is the history of dumps BTCUSDT chart right after the report was happening, approximately it took from 3 to 14 days for the price to reach these numbers.

15 july 20≈2.6%; 02 september 20≈17.7%; 21 october 20≈4.5%; 02 december 20≈9%;

13 january 20≈23.8%; 03 march 21≈12%; 14 april 21≈27.7%; 02 june 21≈18.9%

14 july 21≈11.4%; 08 september 21≈16%; 20 october 21≈14%; 1 december 21≈29.3%

12 january 22≈25.7%; 2 march 22 ≈16%.

One more sad thing - US companies sharply worsen their reporting forecasts.

The indicators have already reached the level of the 2008-2009 crisis in terms of corporate sentiment.

On a bright side - when Spot ETF gets approved, can be a very big and bullish for BTC. 

Guess what's rumors and news there?

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