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#SP500
Watching S&P500 chart closely as the way it will evolve will influence Bitcoin and other crypto coins. Dump in SP500 will cause dump in crypto.
@CryptoWorldTina
Watching S&P500 chart closely as the way it will evolve will influence Bitcoin and other crypto coins. Dump in SP500 will cause dump in crypto.
@CryptoWorldTina
Forwarded from Official VIP Group
Just an illustration to last week multitimeframe analysis. This week SP500 already almost reached the bearish target. Waiting for ~3236 support to be hit. IT might give a bounce. If not, the situation is much worse than I thought.
@MichelleToro ☀️ @CryptoWorldTina 🇨🇭 #SP500
@MichelleToro ☀️ @CryptoWorldTina 🇨🇭 #SP500
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Comparison of SP500 and Bitcoin 4H and week charts. Note that SP500 has less trading hours and days and therefore less candles for the same period of time at 4H TF. But that doesn't hide clear correlation between these two charts.
Both having a bounce now at smaller timeframe. SP500 still under previous lower high, while BTC made it higher, which is normal as crypto market is easier manipulated and always make sharper moves to cause more liquidations. Tomorrow is Friday, so a lot depends on how SP will close that day and week. So far it doesn't look bullish. Bitcoin look much better, but I doubt it will hold if stocks market will dump further. You know what to do 👌
👉 @MichelleToro ☀️ @CryptoWorldTina 🇨🇭 #BTC #Bitcoin #SP500
Both having a bounce now at smaller timeframe. SP500 still under previous lower high, while BTC made it higher, which is normal as crypto market is easier manipulated and always make sharper moves to cause more liquidations. Tomorrow is Friday, so a lot depends on how SP will close that day and week. So far it doesn't look bullish. Bitcoin look much better, but I doubt it will hold if stocks market will dump further. You know what to do 👌
👉 @MichelleToro ☀️ @CryptoWorldTina 🇨🇭 #BTC #Bitcoin #SP500
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October 13th forecast came true. Both chart now have clear lower highs at daily and pulling back to nearest strong support zone (red line). Why #Bitcoin still up? Because on Friday USD index also went down and today retracement continues. If USD index tomorrow continue falling to 93 support, that will give time for stocks to find support as well, and smooth BTC reaction to bearish world economy. But I doubt it will totally lose correlation with it nor move against it for long time.
@MichelleToro #SP500 #US30 #Dow
@MichelleToro #SP500 #US30 #Dow