Bitcoin BTC is with correlations with SPY lately, if you look both charts you can see the similarly in movements lately. I expect for the short term that SPY to HOLD the $370 range and rise to $386 resistance and than downwards towards the strong support of $320.
What this mean for BITCOIN, BTC also will hold it's position as of now and rise to the resistance of 50K and from there heading down to the 40K strong support.
Good luck, please trade at your own risk.
What this mean for BITCOIN, BTC also will hold it's position as of now and rise to the resistance of 50K and from there heading down to the 40K strong support.
Good luck, please trade at your own risk.
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.
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.