Crypto Correlation: Comparing Bitcoin And The S&P 500 Flat Correction

Crypto Correlation: Comparing Bitcoin And The S&P 500 Flat Correction

Bitcoin price this week touched $34,000 per coin, sending chills down the spines of once bullish crypto investors. But before you consider waiving the white flag and ditching your coins for good, take a look at this comparison between the top cryptocurrency by market cap and the S&P 500. Bitcoin is currently in a wave […]


Related News

Comparing Past Crypto Cycles Suggests Bitcoin Nowhere Near Top

Comparing past crypto cycles shows there is a clear pattern, and Bitcoin seems to be nowhere near the top right now. Bitcoin researcher Dor Shaher has pointed out on Twitter that there is consistency in the way correction periods have played out in previous cycles. Bitcoin Price Growth Since Cycle Low Here is a chart […]

Altcoins Price Analysis (Week of May 22th): Ethereum, Litecoin and DASH

Altcoin prices have stopped at their respective key levels, after moving along upward trends. Such stops could provoke prolonged downward corrections. ETH/USD. Ethereum has continued its upward trend. A turn at a key level of $9.7 did not happen. Thus, Ethereum’s price has formed a powerful upward momentum, reaching the maximum of March. At this point, a flat is forming. For a deeper correction to continue, Ethereum’s price has to exit that flat. The market will decide on the direction of the next wave at the level of $12.9. Either the whole downward movement is a correction toward the....

Bitcoin Price Analysis: 6/02/2016

Bitcoin has formed a flat above a key level. The probability of the movement continuing is increasing. The main trend is upward. The current upward trend has not been disrupted yet. Bitcoin’s price has formed a flat above the $518 resistance line. The resistance, which we have found earlier, has been confirmed several times already. These upward rebounds from $518 do confirm that there is a correction towards the upward trend. The market is nearing a resolution, as the probability of a new trend grows with a new wave of the flat. Bitcoin’s price reaching a new diagonal channel is also....

Ethereum (ETH) Price Trends: 5/24/2016

After the end of its short-term upward trend, Ethereum is continuing to form a medium-term flat. The price is close to the bottom limit, from which an upward rebound is also likely. Will the medium-term upward trend continue? Ethereum’s price is approaching the bottom limit of the flat. That means that the market will soon reach a decision point for the direction of the coming weekly trend. The minimal correction target for the whole upward trend, which started at $10, is reached. Thus, the market will decide between two options at the bottom limit of the flat: either a correction of a....

Bitcoin Price Watch; Volatility Ahead…

Here's what we are looking at in the bitcoin price this evening from an intraday perspective. It’s that time of the day again, as the European session draws to a close and the US afternoon kicks off. Volume generally picks up a bit around this time, and with this added volume will often come a bit more volatility. In anticipation of this volatility, let’s take a look at what’s on this evening. First, what did action this morning tell us about what’s set to play out going forward? Well, in this morning’s analysis we noted that price had shot up overnight, and that this gain mirrored the....