World economy is bearish. What about BTC?

Тема в разделе "English", создана пользователем Trading Ideas, 24 сен 2020.

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    Trading Ideas Участник

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    World economy is bearish. What about BTC?
    Bitcoin / TetherUS PERPETUAL FUTURES BINANCE:BTCUSDTPERP
    WiseAnalyze
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    Week charts for SP500 , Gold and Dow Jones look like shit - means its all just a beginning of retracement.

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    idea-image-placeholder.svg

    BTC look better, but that might be only because its being late for the dump show. At daily TF SP and Dow charts are at support, which gives a hint they might bounce soon. Now what about Bitcoin? So far it manage to hold above 10240 support. Amazing. If stocks bounce, BTC may also re-test ~10.6-10.8k. Situation in world economy is bearish , so if you want to play safe, play for bears. If BTC drop below ~10200, it will continue dumping down to 9940 / 9600 / 9200.
     
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