Bitcoin bought and then sold the 35-39 index inside its current bull market. Pretty bearish signal especially because it was corroborated by the 16-20 sell 2 days later. If the 92-96 index sells the bull is over. The price needs to go over $60,000 in the next few weeks to avoid the sell signal. In the next 10 days the sell stop is between $45,000 and $55,000. (click to magnify)
This morning the $45,000 level was tested and held well.
I noticed that bitcoin is trading mostly in accord with tech stocks, like Tesla and Apple. Both of them already ended their bull markets and I expect them to accelerate to the downside.
AAPL (click to magnify)
TSLA (click to magnify)
No comments:
Post a Comment