The fact is the stock market is more positively correlated with Bitcoin according to the Correlation Coefficient indicator. More shaded areas are above zero. In other words, when stock market goes up, Bitcoin is more likely to go up. And when stock market goes down, Bitcoin is more likely to go down.
GOLD only made 8% since 2011. Now, it is at 6-year highs. It has broken out of the channel. When the markets dipped in Oct-Dec 2018, gold had a negative correlation, circled on the Correlation Coefficient indicator. Should you be investing in it? Do you think the stock market is headed for a big correction? Is crypto your only investment?
Analysis of how volume profile and Fibs can predict the path of Bitcoin. The 0.618 Fib was retested several times before finally breaking and stopping at the POC. Entry made at double bottom and closed at POC for a $1K gain/Bitcoin on a low risk trade.