BTC 100% correlated to the S&P at the moment
We are inside a bear flag that leaves me 2 alternatives for tomorrow:
1) The S&P goes up to test the 21 weekly average and BTC test the top of that bear flag channel at 40k-41k
If that happens I am selling the BTC I bought at 34k, as well as some small alt buys. Just to make sure.
But if the S&P breaks the 21 weekly and starts to trend upwards over it. BTC will explode to 52k (Control price). and I´ll buy BTC again during the retest of S&P over the 21 weekly .
2)The S&P just decide to fall again for some reason, BTC will loose that bear flag, possibly testing even lower levels, like 30k or 28k.
If the S&P looses the 56 weekly after that, things can get much uglier than expected on BTC.
1) The S&P goes up to test the 21 weekly average and BTC test the top of that bear flag channel at 40k-41k
If that happens I am selling the BTC I bought at 34k, as well as some small alt buys. Just to make sure.
But if the S&P breaks the 21 weekly and starts to trend upwards over it. BTC will explode to 52k (Control price). and I´ll buy BTC again during the retest of S&P over the 21 weekly .
2)The S&P just decide to fall again for some reason, BTC will loose that bear flag, possibly testing even lower levels, like 30k or 28k.
If the S&P looses the 56 weekly after that, things can get much uglier than expected on BTC.
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