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Btcdji

BTC VS DJI - Log Fractal Fib RetraceLooking at the 1M BTC Chart Over the DJI Index I cannot help but notice a 2018 type similar fractal fib retracement pattern. With the current market conditions could lead to a possible retracement on the DJI Index to the 18k-21k $ region, in that scenario we can expect BTC to retrace to the 7k-10k $ levels. Described a possible playout with plenty bull traps and bear traps. One of the first signs to confirm this theory would be a test and rejection in the 27k-29k $ area. Will keep a watch on how this plays out.
TVC:DJI
by Vladgen
7
Bitcoin outperforming US Stock MarketAS you can see this the chart of bitcoin compared to Dow Jones Industrial Average it is simply calculated by dividing bitcoin price by DJI it gives us a imaginary market where bitcoin is base asset and DJI is quote asset and should be written like this: BTCDJI this is really interesting chart to me. the most interesting chart is that in recent 12 days bitcoin is outperforming us stock market. if bitcoin manages to break 0.36 level on this market decisively it may signal the fact that bitcoin is starting to be not correlated to stock market. this is a theoretical look at two markets. do not trade based on this. i love to have your comments on this amazing chart
GEMINI:BTCUSD
by farzinsabbagh