Psymon

BTCUSD correlation to traditional markets NASDAQ Tech and DOW

Long
BITFINEX:BTCUSD   Bitcoin
- stronger rebound in traditional markest, shows the trust difference
- mostly positive correlation except in one zone the Bitcoin is showing more weakness, caused by stricter regulations, Mt. Goxx sell off, behavioral finance and more, which compromised the optimism also the option of short leaveraged short sellers could give a stronger negative pressure
- under 5435$ strong weakness and high risk, but should hold through strong fundamentals in long term at around 5000~4800$

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