The BTC to QQQ correlation is measured on a scale from -1.0 to 1.0. 1.0 indicates highly correlated (moving together). -1.0 indicates moving in opposite directions.
I added the Stockcharts measure of correlation in the lower pane of the below charts. The first one daily, the other 1 hour. It is a dynamic measure and moves around a lot in shorter time frames.
NOTE - I have learned to take the comments from 'the boys' more as suggestions rather than absolutes. I believe they are both very skilled technicians, but for me, sometimes a bit too complex in their tool selection, and a bit too creative in their analysis. I have however learned much from them by observing.
My posts are my opinion. Always trade at your own risk.
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