Menu Close

Bitcoin-Stock Market Correlation Warning

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.

yrqg4

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.

If you’re serious about the underlying forces of supply and demand that drive the markets, join me!

This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.comView original post. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

This site uses Akismet to reduce spam. Learn how your comment data is processed.