Correlation between BTC and Nasdaq
Hello everyone,
we know that crypto market is high volatile and not all moves are really comprehensible, but we need to know that there´s mostly a correlation between markets and crypto; BTC. In this chart I am comparing the Nasdaq with Bitcoin.
I have copied the move of nasdaq from feb 21 to july 21 (blue candles). I did the same with the movement of BTC red arrow.
This is just an idea, but would perfectly fit in the current situation together with the news. We got a new variant, countries shut borders, lockdowns in some other ones, inflation rises etc. etc.
This is no big technical analysis, but just projection of the past to the future.
DYOR
we know that crypto market is high volatile and not all moves are really comprehensible, but we need to know that there´s mostly a correlation between markets and crypto; BTC. In this chart I am comparing the Nasdaq with Bitcoin.
I have copied the move of nasdaq from feb 21 to july 21 (blue candles). I did the same with the movement of BTC red arrow.
This is just an idea, but would perfectly fit in the current situation together with the news. We got a new variant, countries shut borders, lockdowns in some other ones, inflation rises etc. etc.
This is no big technical analysis, but just projection of the past to the future.
DYOR
Komen:
this idea didn´t work out and is not valid anymore-