For more than a year the trading patterns of BTC and stocks have correlated strongly across all time frames. This chart of the two hour bars on BTC with the ES overlaid shows BTC possibly leading stocks. So far it hasn’t mattered over the past couple of days, but if BTC breaks 23,600 my guess is that we’ll start to see stocks slipping also. It will be interesting to watch this correlation.
It’s obviously not causal, but it reflects unseen forces below the surface that move both markets, which have so much in common, concurrently.
To understand and profit from the big picture check out the following.
- Swing Trade Screens – Buys Overwhelm Sells, It’s Late But One Sector Looks Ready to Roll August 15, 2022
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- Mildly Bullish Outlook for Gold Holds August 13, 2022
- “As Good as It Gets” Was Good While It Lasted August 6, 2022
- Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022
- Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022
- The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022
- As Good As it Gets, Before the End of Time July 18, 2022
- Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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