#Bitcoin/#Nasdaq correlation💡

often follows the technology sector of the stock market. The chart clearly shows the moments when they diverge. As we can see now one of these.

Also below you can see the Spearman-rank correlation, which better shows us the moments when two assets start to move in different directions.

Note

Last summer I already showed a similar discorrelation.

Now we have a completely repeated situation: the technology index has run higher, and Bitcoin is consolidating.

In the summer of 2020, after the halving, we also had something similar. Mostly, the correlation returns in October. Which is equally positive for both assets.

Note

I have deja vu now because a year ago, I made the same post, where I said that after the summer stagnation, bitcoin should catch up with the technology sector of shares.

📝As we can see, with the technology sector, bitcoin correlates even more than with the S&P500, and after the appearance of ETFs, this should strengthen even more.

👥I also want to note the social analysis, which has become quite good for , as I said, the market can shake out unnecessary players with corrections or long consolidations, so now more and more people are becoming disappointed with the side market and are afraid of a new fall. Which tells us that we are already approaching the end of this boring phase.

💡The next 2 weeks will be quite volatile, but let's hold on, after that, will be positive↗️

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FeelsStrategy

💰Free Channel t.me/FeelsStrategy
🤵For more info contact t.me/VolodymyrFeels

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