Risk On trade back in playBitcoin and other cryptocurrencies were down significantly on Monday when the U.S. equity markets were in what seemed to be a free-fall. Since there are multiple exchanges that trade Bitcoin 24 hours a day, it is hard to get exact pricing. The Risk On trade was back on as the Dow recovered 567 points of its loss from the day before. Lower highs and lower lows are not a good signBitcoin is in a fairly well defined downward sloping channel. Since its high in December it has made a series of lower highs and lower lows.

Source: Forbes February 07, 2018 03:00 UTC