Intermarket Bitcoin - Breakout or Failure Update Pt. 2

Now let’s dive into the intermarket relationships and see if we can find a trend:

Here we have an even split. So we will still have to wait and see what will take place. We are starting to see a few breakouts in price, but we need to see more to go bullish. If we start to see failures, we will see a continuation of the bearish trend.

Bullish = 6
Neutral = 10
Bearish = 0

Let’s wait and see before making any decisions. Keep your head on a swivel!