Bulls moving in on Crypto with the help of Trump #tradewar.
It was quite an intense week in terms of headlines related to the trade war. The dollar is easing and this inevitably affects the price of BTC.
We can see a strong correlation here between the EURUSD and BTCUSD. The gross majority of Crypto-investors are poised to buy on an upward break and this was maybe just the hint we needed to get back in there and buy. I see the 6400 and then 7800 as major areas of consolidation.
We can see a strong correlation here between the EURUSD and BTCUSD. The gross majority of Crypto-investors are poised to buy on an upward break and this was maybe just the hint we needed to get back in there and buy. I see the 6400 and then 7800 as major areas of consolidation.
Comment:
I doubt wether we will see BTC under $6000 again
Trade closed: target reached