The SPX rose a historic 4.5% or over 1000 points on Wednesday, December 26th. The cryptocurrency market rose as well. Bitcoin rose to $3,800.
Is this a dead cat bounce or a real resurgence? I see a major weakness in both markets, as they are below their 200 daily moving average and have weak charts. Bitcoin has been plagued with descending triangles all year.
What do you think? I believe it's wise to take profits now before the next leg down. Convert to stable value and hold until $2,500 BTC and 19000 DJIA.
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