Hi followers, bullish flag on S&P500 is good for Bitcoin
The US stock market and Bitcoin are moving in correlations most of the time.
Right now we see very bullish formation on the S&P500, bullish daily flag, which suggests higher highs. Meanwhile Bitcoin is rallying and showing strength, those behaviors considered positive for the short-medium term.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
❗❗❗
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
The US stock market and Bitcoin are moving in correlations most of the time.
Right now we see very bullish formation on the S&P500, bullish daily flag, which suggests higher highs. Meanwhile Bitcoin is rallying and showing strength, those behaviors considered positive for the short-medium term.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
❗❗❗
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Comment:
For those who entered this trade, the SP500 is on the move, almost 50% of the way already, stop should be moved above entry point, money not at risk anymore.