MedianLineAnalysis

Bitcoin due for a correction

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Heikin Ashi has turned red, and the daily bollinger bands are signalling a move is coming.
Considering that SPX and bitcoin are both due for a correction and they're both correlated (due to the risky nature of the assets).
Also once a heikin ashi has turned red on the weekly which has also happened on SPX , DJI, Willshire 4500... The odds of the next 2 to 5 weeks giving low or negative return are roughly 80%

Comments

thank you for the heads-up. great chart.
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