Bitduke

Bitcoin - Correlation with S&P continues, Lows swept

BITMEX:XBTUSD.P   Bitcoin
Bitcoin price fell today after S&P below $9000 and quite briskly came back after the Fed announcement regarding buying individual corporate bonds.

So, we're back in a range $9600 - $9350. Not bearish here.

Plan for scalps is simple: Short the first test of $9600 with a tight stop and long dips into $9350.

Close below closing below $ 9300 would be mid-term bearish for me, but this has not happened yet.

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Information is just for educational purposes, never financial advice. Always do your own research.

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