After BTC had a massive rally, it entered a consolidation channel
25 Days later, SPY entered its consolidation channel
Given that SPY has been making slow & steady highs on the C.C, there is a chance a significant EOY rally could follow if the correlation to BTC is 25 days
Theory is as follows: Bitcoin moves 25 Days ahead of the overall stock market
25 Days later, SPY entered its consolidation channel
Given that SPY has been making slow & steady highs on the C.C, there is a chance a significant EOY rally could follow if the correlation to BTC is 25 days
Theory is as follows: Bitcoin moves 25 Days ahead of the overall stock market
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.