I guess it makes sense in some ways, but BitCoin being the currency that it is shouldn't really have such a trend correlation with the Nasdaq 100/QQQ/NDX
Because of the volatility of BitCoin and the spikes (up and down) being so vastly greater than that of the NDX, the way they move together isn't necessarily obvious to see...I drew some lines to show some of the more obvious high and low synch-ups, but
I tried this out Friday, in terms of trading BitCoin based on how NQ_F (the Nasdaq Futures) were performing and it yielded some great results. I'm going to continue trying this out and will post again if I see a break in the correlation.
Nice comparison, I'm very interested in the results. What strategy did you use?
androsForm
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@Munday, I watched NQ_F on a 1-min chart....and when i saw strong trends [mostly via volume as well as chaikin money flow] forming, I took the same directional trade with BTCUSD ... hope that helps!