Explanation: both BTC and SPX are risk-on category assets. Hence, according to the general rule, their performance should correlate. When their performance is not correlating, it can be seen as: a. an option of aquiring an under'performing asset, expecting additional profit b. a signal to a potential pivot of a neighbouring asset.
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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.