Bitcoin Falls Below 30,000 As Dow Rallies 600 Points (Ichimoku Cloud Points To Further Declines)

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by confoundedinterest17

Yesterday’s dive in equity markets have been nearly erased as the Dow rose 600 points today. But the alternative asset Bitcoin fell below 30,000.

Bitcoin is down around 3% today with Dash down 9%. It seems like winter for cryptos.

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What does the Ichimoku cloud look like for the New York Stock Exchange? The cloud is below the current NYA level (white line).

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Bitcoin/USDollar cross? The same. Bitcoin/USDollar cross lies above the cloud.

If you trust technical studies like Ichimoku, that is.

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