BTC REACTED TO STOCK MARKET OPEN
The stock market open 9:30 New York time every day from Monday to Friday. recently I noticed something base on constant studying of the chart I noticed that the stock open also affects BTC prices once is 9:30.
Fundamental is very important factor to consider during trading as a short term trade I first of look at the fundamental analysis of that very day.
The stock market open automatically comes with it's own fundamental move in the market which most stocks like Apple, Tesla, Google etc are affected the volume at which it trade that time is not to be compared with other times is always voilatile during the stock open 9:30.
BTCUSDT REACTION DURING STOCK OPEN
Now you can see a quick reversal from the top it moves so fast down that's the stock reaction on BTC today. This moves happened so fast some days especially when the stock market releases very high impact news we can see it rally down for hours or upwards for hours. Watching out for this time in trading is very important especially if you are a short term trader or a scalper, either you stay of the market or trade according to the fundamental outcome.
US100 FOLLOWS BTC DIRECTION
US100 or NASDAQ also followed the Btc direction, actually is btc that follows the direction of NASDAQ.
NASDAQ contains almost all the stock market so once the market is open we expect a major move to occur before other assets can follow like btc.
Dollar index (DXY) DID INVERSE
Dxy always goes inverse of NASDAQ during the stock open Also inverse of btc meaning if Btc is buying dxy will drop lower that's one of the trick to give good analysis on the stock open market.
I will go in details as we progress on HOW the news are been calculated and where to verify the news as well. See you guys in my next post.
Thank you for reading my post
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