BitcoinLong
BTC – money influx from SP500 - 6 important reasons
Hi Guys.
There is a certain correlation between BTC and SP500.
Once we have money influx to BTC SP500 drops down.
It works another way around.
When we have money influx to SP500 BTC falls down.
Of course only part of this huge amount of money from SP500 influences BTC but still it is worth noticing that.
Let’s take a look at the chart.
• In December 2018 we had a massive fall on SP500. What happened on BTC?
Exactly. 1st major move UP.
• At the end of the year 2018, the value of SP500 was so low that trend turned into the north.
What happened with BTC? The price fell from $4200 to $3600.
• In April 2019 the positive rally was still visible on SP500 but its trend was slowing down.
Again we had a small BTC pump.
• At the beginning of May, SP500 has plunged and yes at the same time price and trend raised on BTC.
• Right now the crucial resistance on the SP500 is 2800 points.
If it breaks the resistance down we will more red on it.
We can expect then another money flood into BTC.
Observe them both.
Don’t panic.
Remember BTC is in a bullish mode right now.
Tell us what you think about this coupling in the comment section.
Thank you for reading and your time.
Hit a like to support us.
MASSIVE Hugs!
WBM Team
There is a certain correlation between BTC and SP500.
Once we have money influx to BTC SP500 drops down.
It works another way around.
When we have money influx to SP500 BTC falls down.
Of course only part of this huge amount of money from SP500 influences BTC but still it is worth noticing that.
Let’s take a look at the chart.
• In December 2018 we had a massive fall on SP500. What happened on BTC?
Exactly. 1st major move UP.
• At the end of the year 2018, the value of SP500 was so low that trend turned into the north.
What happened with BTC? The price fell from $4200 to $3600.
• In April 2019 the positive rally was still visible on SP500 but its trend was slowing down.
Again we had a small BTC pump.
• At the beginning of May, SP500 has plunged and yes at the same time price and trend raised on BTC.
• Right now the crucial resistance on the SP500 is 2800 points.
If it breaks the resistance down we will more red on it.
We can expect then another money flood into BTC.
Observe them both.
Don’t panic.
Remember BTC is in a bullish mode right now.
Tell us what you think about this coupling in the comment section.
Thank you for reading and your time.
Hit a like to support us.
MASSIVE Hugs!
WBM Team
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