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A Thread on 'Why the Stock Market Correlation' doesn't actually matter at all
Too many people are bearish. They will miss the biggest financial opportunity of our life times. Do not be one of them!
Too many people are bearish. They will miss the biggest financial opportunity of our life times. Do not be one of them!
Obviously there is a high correlation between the S&P 500 and #Bitcoin 
. I am not denying that.
However... The thing nobody is pointing out is how it's been Bitcoin leading the correlation the ENTIRE time.
. I am not denying that. However... The thing nobody is pointing out is how it's been Bitcoin leading the correlation the ENTIRE time.
Assuming the fractal continues, the S&P still has some more coiling before we end up getting to the point #Bitcoin is now.
It's very obviously lagging BEHIND Bitcoin.
is now.It's very obviously lagging BEHIND Bitcoin.
Now, we get to the importance of #Gold
Gold has been leading every market for the last year. Whatever Gold is doing, the rest of the markets follow.
Thus far, the hierarchy is:
1. Gold
2. Bitcoin
3. Stocks
Gold has been leading every market for the last year. Whatever Gold is doing, the rest of the markets follow.
Thus far, the hierarchy is:
1. Gold
2. Bitcoin
3. Stocks
Taking a look at Gold on the 4 hr TF we can see that price is on the verge of breaking out of this channel that we have built since mid April.
Watch what happens when we layer it over the Bitcoin chart
Watch what happens when we layer it over the Bitcoin chart
It's roughly the same consolidation as Gold.
If Gold breaks higher #Bitcoin is going to follow with much more feriosity.
A break from ATH in Gold would most certainly bring optimism to the Bitcoin market. After all... You'll make more off $BTC.
If Gold breaks higher #Bitcoin
is going to follow with much more feriosity. A break from ATH in Gold would most certainly bring optimism to the Bitcoin market. After all... You'll make more off $BTC.
With #Bitcoin facing major resistance at $10.5k a Gold breakout of ATH would see an easy break with BTC as well.
As a crypto investor, it's in your best interest to see #Gold do well too.
facing major resistance at $10.5k a Gold breakout of ATH would see an easy break with BTC as well.As a crypto investor, it's in your best interest to see #Gold do well too.
As much as some might hate to admit it... #Altseason 100% hinges on the strength of #Gold.
Make sure you guys ignore the idiots trying to claim the 'Stock Market Correlation' is bearish.
#Bitcoin and #Gold have been leading the way from the beginning
Make sure you guys ignore the idiots trying to claim the 'Stock Market Correlation' is bearish.
#Bitcoin
and #Gold have been leading the way from the beginning
