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CoinObservatory

Bitcoin Bull Runs, This is How they're Sparked!

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
CoinObservatory  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Wave Analysis Chart Patterns Bitcoin (Cryptocurrency) bullrun Cycles Bullish Patterns retest correlation SPDR S&P 500 ETF (SPY)
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trendanalysis waveanalysis chartpattern bitcoin bullrun cycles bullish retest correlation spy
In this short video analysis, we highlight the correlation between traditional asset Risk-On cycles and their impact on Bitcoin.
Every historical $BTCUSD bull run's start has coincided with a SPY significant Fibonacci level breach and retest.
This past month the SPY has breached the long term 2.618 fib level and is seemingly headed towards the 3.618, with no significant retest as of yet.

What will Bitcoin do?
Will we get an SPY retest?
Is the correlation over?

These are the top 3 questions that only the market can answer.

Stay tuned!
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