Bitcoin short based on gold correlation!
Updated
Gold has been moving upwards since the 6th may and is now due a correction.
In the mean time whilst bitcoin would normally have done well in this situation it has struggled badly.
If gold now corrects we will see bitcoin drop below 30k towards 18k area most likely scenario.
In the mean time whilst bitcoin would normally have done well in this situation it has struggled badly.
If gold now corrects we will see bitcoin drop below 30k towards 18k area most likely scenario.
Trade closed manually
Looks like we might get another final push to maybe 44k area before drop so closing this for small profit!Note
Trade reopened think we do a final push downwards for about a week.Note
looking good hereTrade closed manually
Too much time has now passed without this moving downards which is very bullish for btc!
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