Happy Friday, Cryptocademy!
It wasn’t the most exciting week to analyze. In fact, it was pretty dull, if I’m honest.
But that’s kind of the point, isn’t it? Everyone and their brother thought December would be a parabolic month for Bitcoin and the rest of crypto, so seeing the opposite play out is somewhat expected.
That said, Bitcoin has to make a decision by December 31st per the terminal pattern that’s developed. So we’ll discuss that, the S&P 500, DXY, and ETH.
S&P 500 (SPX500)
The S&P 500 had trouble getting above 4,720 this week, which was a breakout level for the market.
Many have asked me to talk about the S&P again. But to be honest, analyzing this market doesn’t give me any more of an edge given the fact that it always goes up.
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