Bitcoin vs. S&P500 Correlation (or Lack Thereof)
The correlation between the Bitcoin price and the broad stock market index rises to high positives and falls to low negatives on a regular basis. Thus it seems impossible to predict the movement of BTC/USD pair based on the stock market performance.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.