Louis Sykes It's Time for More Chop August 23, 2022 It's impossible to ignore legacy markets when evaluating cryptocurrencies. The two are so intertwined that correlation analysis almost trumps our traditional price analysis. I hate to say it, but if you want to understand where Bitcoin's going, study the S&P 500 and the US dollar, not the Bitcoin chart. Article Sales Message All Star Charts Crypto Members ReceiveOur professional research delivered to your inboxHigh conviction trade ideas to make moneyFull coverage of entry and exit signals across the crypto landscape, including major coins, altcoins, and other tokensVideo conferences every weekAlerts to cryptocurrencies before they become mainstreamCustom indices, correlation, trend strength and relationship analysisAccess to Rangefinder – our proprietary app for tracking trade ideas in real time (annual members only) You need to have a subscription to access this content in full. Log in or subscribe today to unlock new features and receive Member Benefits. Log in or Subscribe Filed Under: Crypto, Crypto Blog Share Article