Bitcoin - Correlation with S&P continues, Lows swept
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.
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.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
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