In this 1W time frame chart, I have shown the times when BTC – SPX The class was great. As you can see, since December 2015, there have been three major events and four minor events S & P500 fell sharply while Bitcoin It remained stable and even increased on some occasions (October 2020, May 2019, end of December 2018, beginning of August 2017, October 2016). The two of them were on BTC Bottoms cycle where a strong rally started. There were three more during the BTC parabolic rally phase. For obvious reasons (as the Black Swan event), I excluded the March 2020 COVID crash from the sample.
What do you think the current divergence/correlation might mean for Bitcoin? will follow SPX A sharp drop (if it continues to fall) or the market bottoms and starts to rise? Let me know in the comments section below!
Note: You may benefit from watching BTCUSD (orange) vs. BTCUSD / SPX The ratio (blue trend line) is below:
If your browser distorts the position of the lines, then the main plot for this parsing will look like this:
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