As of the 10 years history of Bitcoin and Correlation between SPY or NASDAQ Indexes and Bitcoin, we could say that if bitcoin manages to range in this area, could actually be bullish for it.
the Nasdaq futures are at ATH and beyond so if these indexes are correlated with bitcoin, On the macro it could go up and break this triangle to the upside.
but this is crypto and full of traps. So if bitcoin breaks down (by closing a Daily candle below $9000 and $8600), it could test $8100 and Mid 7000s and because of Nasdaq and other bullish asset indexes, it will give an opportunity.
the Nasdaq futures are at ATH and beyond so if these indexes are correlated with bitcoin, On the macro it could go up and break this triangle to the upside.
but this is crypto and full of traps. So if bitcoin breaks down (by closing a Daily candle below $9000 and $8600), it could test $8100 and Mid 7000s and because of Nasdaq and other bullish asset indexes, it will give an opportunity.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.