PPIACO (Producer Price Index)– it's RSI & BITCOIN are Correlated
I believe PPIACO (Producer Price Index)– it's RSI & BITCOIN are Correlated
PPIACO (Producer Price Index) is related to inflation .
Look at the points in witch its RSI or the direction starts to change for PPIACO. They correspond with bottom or tops or changes in direction for BTC . Fascinating and makes sense.
Black line is BTCUSD
Pink Line is PPIACO
RSI is of PPIACO
Look at cross over points in RSI of 70 and 30
Next time RSI crosses over 70 and then comes back below we will be back in downward trend.
PPIACO (Producer Price Index) is related to inflation .
Look at the points in witch its RSI or the direction starts to change for PPIACO. They correspond with bottom or tops or changes in direction for BTC . Fascinating and makes sense.
Black line is BTCUSD
Pink Line is PPIACO
RSI is of PPIACO
Look at cross over points in RSI of 70 and 30
Next time RSI crosses over 70 and then comes back below we will be back in downward trend.
Comment:
*Next time PPIACO RSI crosses over 70 and then comes back below we will be back in downward trend for BTC.