Broke out from the triangle and has taken a support over previous high on monthly basis ( month not over ) ....The rise has always been an 76 - 79 degree liftoff -- and the fall has also been steep as well ....Will this setup work on closing April basis ...Any red candle on monthly basis in May would signal a correction to lower channel support...
An extension of my previous post. Just looking at the strong negative correlation between bitcoin and Shanghai Composite. More confirmation of my idea
China has been described as leading the bitcoin market in trading and volume. I have compared the Shanghai Composite vs the price of bitcoin. As the Shanghai has surged since July, the price of bitcoin has dropped. I have labeled why. CNY 1 trillion of "Pledged Supplementary Lending" PSL to the China Development Bank was announced mid -July. This was later...