Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
BTCUSD - Short-term drop is expected!
Bitcoin
Short
BTCUSD - Short-term drop is expected!
By caldooninvestment
Follow
Follow
Mar 3, 2022
7
Mar 3, 2022
-One thing the market learned this year was that BTC sometimes acts highly correlated to the market, especially when it drops.
-Today SPY confirmed the Double - Top formation which brought SPY back to $435 from the previous day's $440 levels.
-We expect BTC to further follow SPY down to $40,000.
Bitcoin (Cryptocurrency)
Chart Patterns
Cryptocurrency
Forex
Technical Indicators
Stocks
Trend Analysis
caldooninvestment
Follow
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
.