Is BitCoin calling the Shots

Now that the tax plan is in place and we move to focus on short term trading, I think it might be important to watch the correlation between Bitt Coin and the S&P 500 index.  Maybe it is just a confirmation that what we are witnessing is a correlation between two speculative markets that are totally reflecting human emotion.  It is interesting that the correlations seem to work best when a 4 hour lag is applied to the stock market, indicating Bit Coin may be the lead dog.

Leave a Reply

Your email address will not be published. Required fields are marked *

sixteen + 16 =