JuicY-trading

Breakdown on SPX and correlation to BTC

Short
SP:SPX   S&P 500 Index
A retest of the weekly support is very likely, at this point the breakdown is confirmed. And if we can't hold the weekly support we'll probably get a retest of the major uptrend.
You can expect big volatility on crypto currencies the next weeks because of the major correlation to SPX. To find the BTC bottom find the major american indices bottom.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.