S&P 500 $SPX : monthly timeframe indicates a big bearish divergence on its chart and RSI. This is bearish.
GOLD $GOLD : monthly timeframe indicates a big cup and handle pattern. This is bullish.
Bitcoin $BTCUSDT : daily timeframe indicates a big bearish divergence on its chart and RSI. This is bearish.
In sum up:
They say the stock market is in bubble, and about to pop sometime soon. Stock market crash leads S&P 500 crash. Stock market as whole is fundamentally and technically bearish.
If S&P 500 and stock market crashes, GOLD will rise like we saw at the COVID crash April 2020. GOLD is fundamentally and technically bullish.
If Stock market crashes, Bitcoin will follow its crash like we've seen a lot of times. With that said, Bitcoin fundamentally is bullish. Bitcoin is a digital gold also. But it's not recognized as much as Bitcoin won't follow a stock market crash. In my view, Bitcoin will crash, but will be recovered sooner than stock market and S&P 500. And will be recognized as a "safe asset" from the people who experienced the market crash.
This is not a financial advice. Trading is risky. Take your own research and risk management.
GOLD $GOLD : monthly timeframe indicates a big cup and handle pattern. This is bullish.
Bitcoin $BTCUSDT : daily timeframe indicates a big bearish divergence on its chart and RSI. This is bearish.
In sum up:
They say the stock market is in bubble, and about to pop sometime soon. Stock market crash leads S&P 500 crash. Stock market as whole is fundamentally and technically bearish.
If S&P 500 and stock market crashes, GOLD will rise like we saw at the COVID crash April 2020. GOLD is fundamentally and technically bullish.
If Stock market crashes, Bitcoin will follow its crash like we've seen a lot of times. With that said, Bitcoin fundamentally is bullish. Bitcoin is a digital gold also. But it's not recognized as much as Bitcoin won't follow a stock market crash. In my view, Bitcoin will crash, but will be recovered sooner than stock market and S&P 500. And will be recognized as a "safe asset" from the people who experienced the market crash.
This is not a financial advice. Trading is risky. Take your own research and risk management.