LEO FAM GOOD EVENING!
BTC continues to surge while I write this post, now holding the 12030 region well and closing a full body candle!
With that bit of great news, I'd like for us to re look at the BTC/SPX/DJJ/NDX comparison again!
This isn't the first time we've look at this comparison, and it sure won't be the last!
As I mentioned earlier, the married like nature BTC had held to the SPX is very clear in this chart.
But as we can see here, that
OCTOBER
Is starting to show a different behavior!
Could this be the great decoupling I've mentioned before? For the Month of October so far BTC has shown VERY minor if any correlation to traditional markets.
BTC has a huge history of switching like this, back and forth, but this could be the must needed decouple to surge the BTC into another Bull Market!
BTC is doing a 360 compared to traditional markets ATM!
Developer & Market Analyst