Earlier today, I saw a chart of the BTCUSD/SPX chart on twitter. The structure of that chart is more accurate than the original BTCUSD chart.
And then I tested it by the same methodology but this time on SHCOMP (SSE Composite Index which is the Chinese stock market index).
The final formula is $BITSTAMP:BTCUSD*FOREXCOM:USDCNH/
Here is where the magic happens:
This ratio chart shows a precisely clear triangle structure in 2018 and a double bottom in early 2019.
This result means that the money flow from China to the Bitcoin market leads.
And then I tested it by the same methodology but this time on SHCOMP (SSE Composite Index which is the Chinese stock market index).
The final formula is $BITSTAMP:BTCUSD*FOREXCOM:USDCNH/
Here is where the magic happens:
This ratio chart shows a precisely clear triangle structure in 2018 and a double bottom in early 2019.
This result means that the money flow from China to the Bitcoin market leads.
Note
BTCUSD/SPX does not have that accurate price structure. But it shows the weakness of the BTC price in 2018, the trend is more clear than the original USD price chart.
Note
BTCCNH/SHCOMP finally reveal the real market structure of bitcoin.
Symmetrical triangle & double bottom.
Even a clear structure of the Wyckoff Model.
It's just like you're reading a textbook of technical analysis.
微信 Wechat：yubolun001 （备注：TV）
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WOO 优惠：
x.woo.org/register?ref=TODAMOON
Bitget 优惠：
partner.bitget.fit/bg/MRSHJ6
OKX 优惠：
okx.com/join/86487038
------------
WOO 优惠：
x.woo.org/register?ref=TODAMOON
Bitget 优惠：
partner.bitget.fit/bg/MRSHJ6
OKX 优惠：
okx.com/join/86487038
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.
微信 Wechat：yubolun001 （备注：TV）
------------
WOO 优惠：
x.woo.org/register?ref=TODAMOON
Bitget 优惠：
partner.bitget.fit/bg/MRSHJ6
OKX 优惠：
okx.com/join/86487038
------------
WOO 优惠：
x.woo.org/register?ref=TODAMOON
Bitget 优惠：
partner.bitget.fit/bg/MRSHJ6
OKX 优惠：
okx.com/join/86487038
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.