Because wild-eyed speculation prevented the fall of the price back to organic levels and natural growth it is now building a speculative bubble that is about to be popped. Any time you see the 2 purple lines diverge this is a bad bad sign. Don't get caught inside the bubble. I would rather invest at 22k$ than right here. Yes yes I could be wrong and leave a lot of money on the table but I never said I wouldn't play the current price action while I do in smaller time scales
@BoneFunkenstein, doesn't have the volume so I cant get volume-weighted fib ratio lines
Papaweeezz
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@BoneFunkenstein, appreciate the effort. There’s been many discussions about correlation between BTC and SPX, but that obviously wouldn’t apply when trading is not organic with daily manipulation from the exchanges.
BoneFunkenstein
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@Papaweeezz, yeah the compare just like every other dead cat bounce in just about every other asset and equity class. That is where the comparison ends. People who use BTC as a leading indicator for the SPX can show no proof other than it fell 10 days before SPX so they are expecting a correlation. I guess we can say we know where the dumb money is