I guess it makes sense in some ways, but BitCoin being the currency that it is shouldn't really have such a trend correlation with the Nasdaq 100/$QQQ/$NDX
Because of the volatility of BitCoin and the spikes (up and down) being so vastly greater than that of the $NDX, the way they move together isn't necessarily obvious to see...I drew some lines to show some of the more obvious high and low synch-ups, but
I tried this out Friday, in terms of trading BitCoin based on how $NQ_F (the Nasdaq Futures) were performing and it yielded some great results. I'm going to continue trying this out and will post again if I see a break in the correlation.
Cheers and comments always welcome!
Because of the volatility of BitCoin and the spikes (up and down) being so vastly greater than that of the $NDX, the way they move together isn't necessarily obvious to see...I drew some lines to show some of the more obvious high and low synch-ups, but
I tried this out Friday, in terms of trading BitCoin based on how $NQ_F (the Nasdaq Futures) were performing and it yielded some great results. I'm going to continue trying this out and will post again if I see a break in the correlation.
Cheers and comments always welcome!
