lennydoescrypto

Bitcoin short based on gold correlation!

Short
lennydoescrypto Updated   
BINANCE:BTCUSD   Bitcoin
Gold has been moving upwards since the 6th may and is now due a correction.

In the mean time whilst bitcoin would normally have done well in this situation it has struggled badly.

If gold now corrects we will see bitcoin drop below 30k towards 18k area most likely scenario.
Trade closed manually:
Looks like we might get another final push to maybe 44k area before drop so closing this for small profit!
Comment:
Trade reopened think we do a final push downwards for about a week.
Comment:
looking good here
Trade closed manually:
Too much time has now passed without this moving downards which is very bullish for btc!

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