Browse Stacks: Analytics: Correlation: slopechart_$SPX,$BTC.jpg


On the assertion that Bitcoin leads the index as a signal. How can I resist with the tools available on Slope? 

Bitcoin marked the Covid crash low 4 days prior to the S and P 500. Not shown because the chart was getting messy. 

Small sample size. Mixed. Also would take some conviction to use as an indicator. Potential signal times appear to be shrinking in duration.  

It was fun to do at any rate. 

Note for Posterity: Recent Dogecoin shenanigans plunged price just barely through .22 Fib line and in 36 hours retraced to the .38 Fib line. For educational purposes only, I did not have the cajones for that trade.

Image added via SlopeCharts


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