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
💡The next 2 weeks will be quite volatile, but let's hold on, after that, will be positive↗️
Trade active
📍Bitcoin shows a strong correlation with NDX — just look at those green bars. We’re talking about 90% of the time.
↘️ The green arrows highlight rare phases when
📝 Right now, we’re in one of the longest high-correlation periods in recent years — nearly a full year. And it looks like this trend might continue.
💡 So if the tech sector keeps pushing to new highs, Bitcoin is likely to follow and break its own new highs as well. The playbook hasn’t changed. Correlation isn’t just noise — it’s alpha.
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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.
💰Free Channel t.me/FeelsStrategy
🤵For more info contact t.me/VolodymyrFeels
🤵For more info contact t.me/VolodymyrFeels
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.