Cyptos and Stock markets sold off together the other day is this a correlation?
On Tuesday both Crypto's and the stock markets took a dive, this is not the first time I have noticed this correlation as bitcoin was soaring so was the stock market which makes you wonder what the wizards of wall street may be up to.
even more interesting going forward will be to watch this correlation for example if bitcoin makes new highs and the stock market starts to soar again we can be sure the wizards for the moment have them following each other around and us as traders should use this to our advantage.
Keep a eye on the 10 000 bitcoin level as they are playing games near there for now if bitcoin starts to launch higher or lower and the market follows I will consider the correlation to be consistent for now until the wizards do otherwise.
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Correlations work over longer time periods - months and years rather than days. Just my experience.
As for the $10,000 - people still like to work with round numbers. You just have to watch a price feed to see volume clustered on the round numbers.
Here is a current example - a round number on a round number