Correlation study of NASDAQ and Bitcoin
Obviously, since the start of 2020, NASDAQ index and Bitcoin has positive correlation which means they move in the same direction (most of the time). Swings happened 1 week earlier in Bitcoin in comparison to Nasdaq.
Based on this assumption the following trading week could be challenging for stocks as well, and for those with highest level of correlation to Bitcoin such as RIOT and MARA in particular.
Sitting on cash could be the best option.
Based on this assumption the following trading week could be challenging for stocks as well, and for those with highest level of correlation to Bitcoin such as RIOT and MARA in particular.
Sitting on cash could be the best option.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.