Bitcoin does not act in isolation from the world economies, fact. There are times that Bitcoin movement is inconsistent with world markets but in general, a bull market in world economies contributes to a bull market in the crypto-currency space.
This is especially true for the Chinese economy who were responsible for >80% of Bitcoins trade volume prior to its ban in December 2017. Please note this aligns with the start of Bitcoins economic collapse. Likewise, the Bitcoin market recovery starting Jan 2018 is aligned with the Trump Xi trade war truce that saw the S&P500 and China A50 markets surge.
I believe these two world markets are due a correction and that this will contribute to the Bitcoin bear market. Please refer to a previously proposed short on United States S&P500 and China A50.
The-Trade-War-Is-Not-Over:
These analyses serve as a supplement to:
-Logged-recovery-pattern-5500-before-year-end/
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This is especially true for the Chinese economy who were responsible for >80% of Bitcoins trade volume prior to its ban in December 2017. Please note this aligns with the start of Bitcoins economic collapse. Likewise, the Bitcoin market recovery starting Jan 2018 is aligned with the Trump Xi trade war truce that saw the S&P500 and China A50 markets surge.
I believe these two world markets are due a correction and that this will contribute to the Bitcoin bear market. Please refer to a previously proposed short on United States S&P500 and China A50.
The-Trade-War-Is-Not-Over:
These analyses serve as a supplement to:
-Logged-recovery-pattern-5500-before-year-end/
Please follow or give us a like.
