Damus
The Stacker Monster · 5d
ISM is accelerating, meanwhile BTC keeps going down.. Where are all the Business cycle / Bitcoin correlation bros?? Wasn't nostr:nprofile1qyvhwumn8ghj76mwdaehgu3wdejh2arjd9hx2tnrdakszymhwden5te0d45h...
Dr. Jeff profile picture
An observation, not a theory.

It's been a fairly tight correlation throughout the past 13-14 years.

The chart below (from Real Vision) shows it well.

At some point, I am expecting the alligator jaws (divergence) to close.

23❤️14👀2❤️1🤙1
The Stacker Monster · 5d
Well, more than an observation, right? You, iirc, communicated an expectation for bitcoin to rip higher alongside ISM. Not hating, this bitcoin price action has just been downright nasty the last several months, particularly while watching stocks at ATHs. Personal lesson for myself, probably shou...
BitLo · 5d
That doesn’t look good to me at present.