{"id":417046,"date":"2020-03-05T16:00:15","date_gmt":"2020-03-05T16:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=417046"},"modified":"2020-03-05T15:06:47","modified_gmt":"2020-03-05T15:06:47","slug":"correlated-chaos-bitcoin-dow-sp500-gold","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/correlated-chaos-bitcoin-dow-sp500-gold\/","title":{"rendered":"Correlated Chaos: Bitcoin, Dow, SP&amp;500, and Gold Held At This Mathematical Level"},"content":{"rendered":"<p>In a strange turn of events, as financial markets of all types are collapsing due to <a href=\"https:\/\/www.nytimes.com\/2020\/03\/05\/world\/coronavirus-news.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">growing fears over the spread of the coronavirus<\/a>, <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>, the Dow Jones Industrial Average, the S&amp;P500 and gold, have all fallen to the same exact key mathematical level.<\/p>\n<p>But why are these typically uncorrelated assets suddenly showing such commonality, and what is the significance behind the math that caused these assets to suddenly bounce?<\/p>\n<h2>Bitcoin, Gold, Dow Jones, and S&amp;P500 All Fell to This Mathematical Level<\/h2>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Mathematics\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Mathematics<\/a> is the science behind and study of space, structure, quantity, and change. It\u2019s been studied since the dawn of time and is among the most powerful laws governing everything around us.<\/p>\n<p>Because it is ever-present, it\u2019s often a tool traders and analysts turn to, to attempt to gain a competitive edge in financial markets like the stock market or cryptocurrencies.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/03\/04\/coronavirus-bitcoin-black-swan-event-cryptocurrency\/\">Is the Coronavirus The Black Swan Event That Crushes Cryptocurrency?<\/a><\/strong><\/em><\/p>\n<p>Math may just be so powerful, that despite the unpredictable impact of the coronavirus \u2013 <a href=\"https:\/\/wncen.com\/2020\/03\/04\/coronavirus-bitcoin-black-swan-event-cryptocurrency\/\">a potential black swan event<\/a> \u2013 that it was able to predict just where the recent stock market collapse and the selloff in gold and cryptocurrencies would find support.<\/p>\n<p>According to an <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-05\/s-p-500-chart-reveals-perfect-symmetry-beneath-a-chaotic-market\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">article published this morning by Bloomberg<\/a>, an 800-year-old mathematic principle born from Leonardo of Pisa during the 13th-century, perfectly predicted where the recent pullback in the S&amp;P500 would end.<\/p>\n<p>Oddly enough, the same level was respected and also held on price charts for <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>, gold, and other stock market indexes like the Dow Jones Industrial Average.<\/p>\n<p>Each of these assets retraced perfectly to the 50% level or the 0.5 Fibonacci level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-417055\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/50-retracement-bitcoin-dow-sp500-gold.jpg?resize=860%2C814\" alt=\"bitcoin gold dow jones S&amp;P500 charts\" width=\"860\" height=\"814\"><\/p>\n<h2>50% Trend Retracements Are the Most Profitable, According to Legendary Trader<\/h2>\n<p>Fibonacci numbers and their ratios are found everywhere in nature and regularly act as important levels for psychological support on financial asset price charts like <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>, gold, the Dow, or the S&amp;P500.<\/p>\n<p>This same theory has been used by traders and analysts for generations with much success. Legendary trader <a href=\"https:\/\/wncen.com\/2019\/08\/09\/gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead\/\" target=\"_blank\" rel=\"noopener noreferrer \">W.D. Gann<\/a>, during the early 1900s, discovered that the most profitable retracements to trade were the 50% level, and the level became a cornerstone in his analysis and teachings.<\/p>\n<p>According to <a href=\"https:\/\/www.dummies.com\/personal-finance\/investing\/technical-analysis\/how-to-use-the-gann-50-percent-retracement-theory\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Gann theory<\/a>, 50% psychologically is the \u201cdanger zone\u201d for assets because it is where a full reversal can occur. But it also serves as the best possible place to reenter an \u201cexisting trend.\u201d<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/03\/03\/stock-market-bitcoin-gold-dow-jones-dji-sp-500\/\">Stock Market, Bitcoin, and Gold: Everything Is Collapsing Together\u00a0<\/a><\/strong><\/em><\/p>\n<p>If the trend resumes, Gann explained that the asset would more than likely breach its previous high, and his teachings on the subject potentially were the first examples of \u201c<a href=\"https:\/\/wncen.com\/2020\/02\/19\/ancient-math-may-be-the-key-to-making-crypto-bull-market-riches\/\">buying the di<\/a>p\u201d ever recorded.<\/p>\n<p>Although markets have been in a downward spiral due to the coronavirus fears, investors are buying the dip at this critical level, and it could be their most profitable trade yet <a href=\"https:\/\/wncen.com\/2020\/02\/19\/ancient-math-may-be-the-key-to-making-crypto-bull-market-riches\/\">according to the math<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a strange turn of events, as financial markets of all types are collapsing due to growing fears over the spread of the coronavirus, Bitcoin, the Dow Jones Industrial Average, the S&amp;P500 and gold, have all fallen to the same exact key mathematical level. But why are these typically uncorrelated assets suddenly showing such commonality, and what is the significance behind the math that caused these assets to suddenly bounce? Bitcoin, Gold, Dow Jones, and S&amp;P500 All Fell to This Mathematical Level Mathematics is the science behind and study of space, structure, quantity, and change. It\u2019s been studied since the dawn of time and is among the most powerful laws governing everything around us. Because it is ever-present, it\u2019s often a tool traders and analysts turn to, to attempt to gain a competitive edge in financial markets like the stock market or cryptocurrencies. Related Reading | Is the Coronavirus The Black Swan Event That Crushes Cryptocurrency? Math may just be so powerful, that despite the unpredictable impact of the coronavirus \u2013 a potential black swan event \u2013 that it was able to predict just where the recent stock market collapse and the selloff in gold and cryptocurrencies would find support. According to an article published this morning by Bloomberg, an 800-year-old mathematic principle born from Leonardo of Pisa during the 13th-century, perfectly predicted where the recent pullback in the S&amp;P500 would end. Oddly enough, the same level was respected and also held on price charts for Bitcoin, gold, and other stock market indexes like the Dow Jones Industrial Average. Each of these assets retraced perfectly to the 50% level or the 0.5 Fibonacci level. 50% Trend Retracements Are the Most Profitable, According to Legendary Trader Fibonacci numbers and their ratios are found everywhere in nature and regularly act as important levels for psychological support on financial asset price charts like Bitcoin, gold, the Dow, or the S&amp;P500. This same theory has been used by traders and analysts for generations with much success. Legendary trader W.D. Gann, during the early 1900s, discovered that the most profitable retracements to trade were the 50% level, and the level became a cornerstone in his analysis and teachings. According to Gann theory, 50% psychologically is the \u201cdanger zone\u201d for assets because it is where a full reversal can occur. But it also serves as the best possible place to reenter an \u201cexisting trend.\u201d Related Reading | Stock Market, Bitcoin, and Gold: Everything Is Collapsing Together\u00a0 If the trend resumes, Gann explained that the asset would more than likely breach its previous high, and his teachings on the subject potentially were the first examples of \u201cbuying the dip\u201d ever recorded. Although markets have been in a downward spiral due to the coronavirus fears, investors are buying the dip at this critical level, and it could be their most profitable trade yet according to the math.<\/p>\n","protected":false},"author":517,"featured_media":417052,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,6664,73112,28885,2209,51607,59234,14695],"class_list":["post-417046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-crypto","tag-dow-jones-industrial-average","tag-fibonacci","tag-gold","tag-math","tag-mathematics","tag-sp500"],"acf":[],"yoast_head":"\n<title>Correlated Chaos: Bitcoin, Dow, SP&amp;500, and Gold Held At This Mathematical Level<\/title>\n<meta name=\"description\" content=\"Why did the Dow Jones Industrial Average, the S&amp;P500, Bitcoin, and gold, all fall to the same mathematical level, and what is the significance?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/correlated-chaos-bitcoin-dow-sp500-gold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correlated Chaos: Bitcoin, Dow, SP&amp;500, and Gold Held At This Mathematical Level\" \/>\n<meta property=\"og:description\" content=\"Why did the Dow Jones Industrial Average, the S&amp;P500, Bitcoin, and gold, all fall to the same mathematical level, and what is the significance?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/correlated-chaos-bitcoin-dow-sp500-gold\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-05T16:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-05T15:06:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/mathematical-dow-sp500-bitcoin-gold-stock-market-math-fibonacci-gann-shutterstock_400410925-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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