A correlation chart between NASDAQ and BITCOIN

in #bitcoin • 6 years ago

A correlation chart between NASDAQ and BITCOIN, since we know they are correlated due to technology sector. It clearly shows that we may see some weakness in coming days; five waves up on NASDAQ mean that we could see at least three-wave recovery, while BITCOIN is trading in corrective wave B, which means that wave C down may occur soon. That said, it's just another evidence that we may see another drop on cryptocurrencies!

img-20180227-wa0004.jpg

img-20180227-wa0005.jpg

img-20180227-wa0006.jpg

#cryptocurrency #crypto #market #btc
6 years ago in #bitcoin by
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