Average price of bitcoin against the American stock market
I've been noticing clear inverse correlation with the American stock market and bitcoin (along with the inverse correlation with DXY ). After realizing it was possible to form charts out of formulas using other charts as variables, I decided it would be very interesting to weight the American stock market against the average price of bitcoin across the 10 most significant exchanges according to me.
Unfortunately for the no coiners, I've been anticipating a significant recession that adds fuel to the next bitcoin bull run(see related ideas).
Same(using the actual indices/real-time data): (BITSTAMP:BTCUSD+BINANCE:BTCUSDT+COINBASE:BTCUSD+BITFINEX:BTCUSD+KRAKEN:XBTUSD)/5-TVC:NDX-TVC:DJI-SP:SPX
Similar(conveys a ratio instead of a spread, also using the actual indices): (TVC:DJI+TVC:NDX+SP:SPX)/BITSTAMP:BTCUSD
Sameish(using futures instead): (BITSTAMP:BTCUSD+BINANCE:BTCUSDT+COINBASE:BTCUSD+BITFINEX:BTCUSD+KRAKEN:XBTUSD)/5-NQ1!-ES1!-DJIA1!
Similar(same as the first "similar" one, but using futures instead): (NQ1!+ES1!+DJIA1!)/BITSTAMP:BTCUSD
It just so happens that the sum of the indices at the moment is exactly 10 times that of the price of bitcoin, which is where it was in September of 2017 right before the crazy bitcoin FOMO.