BitcoinSingkat
BTCUSD - BEARISH Triangle - Going SHORT
Hello traders,
BTC has had a strong correlation with the US stock market over recent months.
This is due to the inverse correlation with the USD. With the USD declining over recent weeks due to money printing, commodities and equities have performed extremely well.
This morning, news coming from Trump's twitter feed suggests there will be no second stimulus package until after the election.
We are now expecting money to flow back into the USD (safe-haven appeal) and out of equities/commodities.
BTC is creating a classic bearish triangle formation.
We are expecting a final wave down towards the 9000 support zone.
Any thoughts or comments are welcome!
BTC has had a strong correlation with the US stock market over recent months.
This is due to the inverse correlation with the USD. With the USD declining over recent weeks due to money printing, commodities and equities have performed extremely well.
This morning, news coming from Trump's twitter feed suggests there will be no second stimulus package until after the election.
We are now expecting money to flow back into the USD (safe-haven appeal) and out of equities/commodities.
BTC is creating a classic bearish triangle formation.
We are expecting a final wave down towards the 9000 support zone.
Any thoughts or comments are welcome!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.