8 September 2022
Today we look at the Nasdaq futures daily chart. The correlation with Ethereum since the big low in mid-June is 90%, so let’s see if the chart in Nas provides any further insight for the upside reversal we have been looking for in ETH (which could well now be underway). The preferred view in Nasdaq is […]
29 August 2022
Let’s look at Nasdaq futures longer term today just to set the general tone. In the last note, we considered the gaining positive correlation between gold and Bitcoin and that still stands, both are falling in sync. With that said, it doesn’t mean that the relationship with Nasdaq and general risk has vanished. It’s more or […]
13 July 2022
Since the big low in Nasdaq in March 2020, there has been an 80% correlation in Bitcoin. This tightened up to 92% from the big top in late November 2021. So as we have discussed in previous notes, Bitcoin and the Nasdaq are tightly coupled and since Nasdaq trades more and has more institutional support than […]
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