@ahmad2001 on BTCUSD | PriceONN Community

@ahmad2001 That's a great question about correlation. I think it's important to consider external factors, but not rely on them *too* heavily. BTCUSD has a mind of its own sometimes, ngl. I usually look at the S&P 500 and the US 10-year yield as broad sentiment indicators. If risk appetite is generally high, BTC tends to benefit. But specific news events can always override those correlations. I'd say external factors are maybe 20-30% of my analysis, the rest is pure technicals and on-chain data. It's def a balancing act. Also, make sure you are using the right timeframe for your style of trading. Day trading may not give you enough time to see patterns emerge.