TradingView
Obrano
Mar 27, 2020 11:17 AM

SPX, BTC and weekly 200 MA 

Bitcoin / U.S. dollarBitstamp

Description

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.
More