Browse Symbol Stacks: $SPX: slopechart_$BTC,$SPX.jpg


BTC SPX Correlation - May crypto dump to present 

Back in 2018 land, Bitcoin made a high and then started a months long bear. SPX made its high 39 days later. Correlation is rough here, highs are later, big lows are synced (within a couple days if you want to be a perfectionist!), traders being traders lows are all over the place. (not shown) 

Additionally, Bitcoin has made two new highs since May, and possibly a double top. We don't know until we get there. 

For giggles we assume the latest high is a double top and calculate from there. 

Dec 17, 2021. 

I like time studies though there is not much out there in TA land to draw from.

Image added via SlopeCharts


Venerable AscentVenerable Ascent
1st 12/9/21