BitcoinUpdated BTC front running SPX
BTC always front-runs SPX and other legacy markets both on strength and weakness. In this chart, I am showing how it had topped well before the SPX market top since 2018. Holding this idea, as long as BTC does not overshoot its recent high of ~31k, any HH made on SPX without BTC following should only be seen as further divergence and market in the topping process.
Note
Black vertical line - BTC TopBlue Vertical line - SPX Top
Note
If BTC does make a new high, then consider further range until end of August.
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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.