Looking at the 1M BTC Chart Over the DJI Index I cannot help but notice a 2018 type similar fractal fib retracement pattern. With the current market conditions could lead to a possible retracement on the DJI Index to the 18k-21k $ region, in that scenario we can expect BTC to retrace to the 7k-10k $ levels. Described a possible playout with plenty bull traps and...
Like evil Skeletor... BTC has its crypto MINIONS, binance, cardano, polkadot, ripple, uniswap, theta, and litecoin..... When there is stress in the crypto market, there is an incredible amount of correlation in the charts!! REMEMBER THIS, you have to look at the flagship, to see what colors the rest of the armada will wave. LOOK AT THE LIGHT GREEN BOX!.
You...
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I normally update Bitcoin, but there is NOTHING to say except that it's still gyrating near the low of the broader range, and we are still long while waiting for it to break higher. MEANWHILE, there has been some unusual and interesting movement in some of the alt coins which in a way reflects the speculative appetite of investors in this increasingly frothy...
S&P 500 and bitcoin still show similar PA on 4h timeframe. Currently they're trying to stay above 3150 / $9250, i.e above of their past resistances (SPX looks better). If they succeed, the road up is open. Otherwise, BTCUSD is doomed to one more drop to $9000.
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