Risk on or risk off, because the market is sending both signals at once. 🤔
CoinDesk reports the post election rebound lifted stocks, with the Dow up 3 percent and the S and P 500 up nearly 2 percent, while Brent crude fell nearly 9 percent to about 95 dollars a barrel and the 10 year Treasury yield slipped below 4.9 percent. 🚀 That is a clean risk on picture, and Bitcoin joined it, jumping from near 75,700 dollars back above 80,000. 📉 But the evening tape tells the other side, because Bitcoin has already slipped back to 79,435 dollars, total market value is down 1.92 percent in 24 hours to 2.66 trillion dollars on CoinGecko, and the Fear and Greed Index sits at 50 Neutral, not greedy.
Is this a real risk on rally, or a one day relief bounce before Friday? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoTalk
CoinDesk reports the post election rebound lifted stocks, with the Dow up 3 percent and the S and P 500 up nearly 2 percent, while Brent crude fell nearly 9 percent to about 95 dollars a barrel and the 10 year Treasury yield slipped below 4.9 percent. 🚀 That is a clean risk on picture, and Bitcoin joined it, jumping from near 75,700 dollars back above 80,000. 📉 But the evening tape tells the other side, because Bitcoin has already slipped back to 79,435 dollars, total market value is down 1.92 percent in 24 hours to 2.66 trillion dollars on CoinGecko, and the Fear and Greed Index sits at 50 Neutral, not greedy.
Is this a real risk on rally, or a one day relief bounce before Friday? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoTalk
