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.