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Cycle Trading

Bitcoin Tests Upper Range – Will It Mirror the Miners’ Melt-Up?

BTC is testing the upper stem of its multi year consolidation.

Bitcoin is currently stretched above its 10 day MA. BTC may need to consolidate in order to allow the 10 day MA time to catch up to price.

Bitcoin reminds me of what we saw from the Miners back in August.

And look what happened !!!

One response to “Bitcoin Tests Upper Range – Will It Mirror the Miners’ Melt-Up?”

  1. ericlemeur2c508ebb6b Avatar
    ericlemeur2c508ebb6b

    Given the correlation with SPX, do you think a BTC rally would result in a SPX rally also?

    Reply

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