Obrano

SPX, BTC and weekly 200 MA

BITSTAMP:BTCUSD   Bitcoin
2000, 2008 and 2020, those three times in the last 20 years SPX dropped below weekly 200 MA, and guess what happened last two times? So for everyone who is thinking SPX started another bull run, good luck out there!
On the other side we have Bitcoin which has never closed below weekly 200 MA in its history. I know it's not comparable, century and a decade of different markets and assets, but for those ignorant bastards who are bashing on BTC I can only say good luck holding SPX for the next year.
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.