Bitcoin due for a correction
Heikin Ashi has turned red, and the daily bollinger bands are signalling a move is coming.
Considering that SPX and bitcoin are both due for a correction and they're both correlated (due to the risky nature of the assets).
Also once a heikin ashi has turned red on the weekly which has also happened on SPX, DJI, Willshire 4500... The odds of the next 2 to 5 weeks giving low or negative return are roughly 80%
Considering that SPX and bitcoin are both due for a correction and they're both correlated (due to the risky nature of the assets).
Also once a heikin ashi has turned red on the weekly which has also happened on SPX, DJI, Willshire 4500... The odds of the next 2 to 5 weeks giving low or negative return are roughly 80%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.