Hey Friends <3
Once again - as this nerd I am - I tried to compare SPDR S&P 500 with Bitcoin. Also here we can see some interesting similarities on the charts.
- Bull run in December/January
- Double bottom
- Double top
- Spike out from Downtrend Channel (LOG-scale)
And what happened hereafter with SPY? A crash down back in the downtrend channel. Let me just...
We can see double top which stopped bullish movement with candle with long wick. I marked 2 GAP's which are respected by market in some way. The bottom one is clearly respected by market and gave nice push for the pair to move higher.
I decide to put many arrows on the chart:)
I would suspected that the pair will try to rebound from these 3 levels. In my...