UnknownUnicorn36647227

BITCOIN VS SP500 VS GOLD

CURRENCYCOM:US500   US 500
Correlation (from Latin correlatio "ratio"), or correlation dependence - a statistical relationship of two or more random variables (or variables that can be considered as such with some acceptable degree of accuracy). At the same time, changes in the values of one or more of these quantities are accompanied by a systematic change in the values of another or other quantities.

Everyone says that bitcoin correlates with the SP500 index, the problem is that the index, if you look at the chart, has broken through the support line and is going down, this makes you think. I can say one thing, let the index correlate with gold and let them go down together, and let bitcoin fly to the moon.
Disclaimer

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.