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

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.

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

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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