BTC and DJI/SPY correlation with markers
I am using DJI(Dow Jones Index) as proxy for SPY here to compare it against BTC price movement. The analysis of BTC correlation with indices remain same, if we interchange DJI and SPY.
The Day chart displayed here is marked with vertical lines on the matching lows and highs. As you can see, BTC low or high is perfectly matching with the indices lows/high DATE wise. Sometimes, its off by 1 day earlier or later.
Sometimes, when DJI is at the peak and moving sideways, it is possible that BTC can make small correction and move back to peak. Here caution must be exercised when entering BTC, as the market is yet to correct.
Timing on indices lows and highs, can greatly amplify our returns on BTC price movement.
Stay tuned for my next post, where I'll reveal a list of stocks poised to maximize returns when timed with BTC price movements.
The Day chart displayed here is marked with vertical lines on the matching lows and highs. As you can see, BTC low or high is perfectly matching with the indices lows/high DATE wise. Sometimes, its off by 1 day earlier or later.
Sometimes, when DJI is at the peak and moving sideways, it is possible that BTC can make small correction and move back to peak. Here caution must be exercised when entering BTC, as the market is yet to correct.
Timing on indices lows and highs, can greatly amplify our returns on BTC price movement.
Stay tuned for my next post, where I'll reveal a list of stocks poised to maximize returns when timed with BTC price movements.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。