A video about the two markets.
BTC should find support around 12.5k eventually but a bounce first to 16300-400 could be first. SPX could also bounce after or before CPI to it's 18ma (currently around 3790), but I would consider it a sell on any bounce. The bearish option of a C leg going lower to test the October lows next week is much more probable after today's action. Good luck!
BTC should find support around 12.5k eventually but a bounce first to 16300-400 could be first. SPX could also bounce after or before CPI to it's 18ma (currently around 3790), but I would consider it a sell on any bounce. The bearish option of a C leg going lower to test the October lows next week is much more probable after today's action. Good luck!
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SPY 18ma is about 377, for me that would be a short if they bounce to it.
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BTC 1 and 2 of C look finished. wave 3 next
