World economy is bearish. What about BTC?
Week charts for SP500, Gold and Dow Jones look like shit - means its all just a beginning of retracement.
BTC look better, but that might be only because its being late for the dump show. At daily TF SP and Dow charts are at support, which gives a hint they might bounce soon. Now what about Bitcoin? So far it manage to hold above 10240 support. Amazing. If stocks bounce, BTC may also re-test ~10.6-10.8k. Situation in world economy is bearish, so if you want to play safe, play for bears. If BTC drop below ~10200, it will continue dumping down to 9940 / 9600 / 9200.
BTC look better, but that might be only because its being late for the dump show. At daily TF SP and Dow charts are at support, which gives a hint they might bounce soon. Now what about Bitcoin? So far it manage to hold above 10240 support. Amazing. If stocks bounce, BTC may also re-test ~10.6-10.8k. Situation in world economy is bearish, so if you want to play safe, play for bears. If BTC drop below ~10200, it will continue dumping down to 9940 / 9600 / 9200.
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FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
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.