BTC and SPx500 factor (Y20.P3.E3).Correlation still continues
Updated
Hi All,
If you looked at my previous post on these 2 and their correlation, I demonstrated how key points\levels where\are in sync.
Again, here we see on this chart below, where the 2 red candle sticks were in sync to the exact hour.
An again, this 2nd drop to 9100 was in sync with the SP500.
Gold also dropped at the same time so one cannot feel disappointed with BTC.
Still in the back of my mind, I cannot be 100% bullish because of the general stock market and the Cov.19 wave 2 threat.
Also its not going to be nice when large companies are going to provide their annual accounting \ dividends report, this will surely have some impact on some stocks.
Will the SP500 fractural repeat?
I say a bounce to 9400 to 9500 is expected.
Regards,
S.Sari
Recent Gold chart performance
BTC dominance chart, 2 Daily: It does seem that BTC dominance is to drop more.
So does that mean some ALTs are going to do very well?
PREVIOUS POST
If you looked at my previous post on these 2 and their correlation, I demonstrated how key points\levels where\are in sync.
Again, here we see on this chart below, where the 2 red candle sticks were in sync to the exact hour.
An again, this 2nd drop to 9100 was in sync with the SP500.
Gold also dropped at the same time so one cannot feel disappointed with BTC.
Still in the back of my mind, I cannot be 100% bullish because of the general stock market and the Cov.19 wave 2 threat.
Also its not going to be nice when large companies are going to provide their annual accounting \ dividends report, this will surely have some impact on some stocks.
Will the SP500 fractural repeat?
I say a bounce to 9400 to 9500 is expected.
Regards,
S.Sari
Recent Gold chart performance
BTC dominance chart, 2 Daily: It does seem that BTC dominance is to drop more.
So does that mean some ALTs are going to do very well?
PREVIOUS POST
Comment
Both still in sync
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