Bar chart = S&P500, red MA = 111W MA for S&P500 (taken from PI Cycle Indicator) Orange line chart = BTC, orange MA = 111W MA for BTC Key takeaway: Notice how we are dipping much lower from the 111 and we are still lagging roughly 8 months behind on the "catch-up" move to traditional markets.
Bitcoin's price chart – a rollercoaster of highs and lows. The Dollar Index, on the other hand, measures the USD's strength against other major currencies. The interesting twist? Their paths can intersect. 🛡️ Inverse Relationship: Reverse correlation is like a dance of opposites. When the Dollar Index rises, the purchasing power of the USD strengthens, which...
In the world of cryptocurrency, staying informed about market trends and indicators is essential for making informed trading decisions. One crucial metric that often goes hand-in-hand with market sentiment is the overall cryptocurrency market capitalization. This article delves into why keeping an eye on the cryptocurrency market capitalization is crucial and how...
The BTC/USD (Bitcoin to US Dollar) and TQQQ (ProShares UltraPro QQQ ETF) can sometimes show correlation, though it's important to note that these correlations can change over time and are influenced by a multitude of factors. There are several reasons why this correlation might occur: 1. Risk Appetite: Both Bitcoin and TQQQ are considered high-risk, high-reward...
BTCUSDT/DXY 1W Chart Hi folks, 🔺Let us change our point of view. Whether you like it or not, there is a correlation (between BTC and DXY). 🔺Experts claim the correlation is generally -0,70, which may differ from time to time. 🔺When we look at the chart 297 is another resistance. 🔺The pivot level is 371. Whenever BTC/DXY closes a week 371, we may say the...
If you've seen my other posts about this - Bitcoin has clear negative correlation with DXY. You could pull up the Correlation Coefficient indicator and make an argument that it correlates positively just as often as it does negatively, but when you compare the charts with each other, nearly every peak corresponds with a valley vs. the other and vice versa. ...
TVC:DXY OANDA:EURUSD Occurs more often than not... Look for yourself, and thank me later
OANDA:EURUSD TVC:DXY Key word = Correlation Trade well
correlation between bonds and stocks will from now on tend to be negative again, whereas it has been more positive over the past 2 years.
Hi Guys, btc and crypto markets jumped after SP500 poor day -negative correlation days equities strengthen probability of independent crypto breakouts, SecondChanceCrypto ⏰26/April/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with...
Hello everyone, it's been a while since I published the last trade idea. Gold has been in a strong upward trend since last November against the backdrop of weakening US dollar index. I've add two lines in the chart for reference. Yellow line : the US dollar index. As we know, gold is priced in USD. Hence, gold and the USD normally has a negative correlation....
Intro Due to their respective moves I have been considering the potential for a Short on EURJPY and a Long on USDCHF , independently of each other. However, if you overlay the two pairs an interesting pattern emerges. Separation Event In the past year there have been 4 separation events where the correlation has been broken before coming back together....
OANDA:EURUSD TVC:DXY Took the hard 10 pips EU short on the heels of news release for a quick momentum play. Load up Trade well
Available in TradingView's indicators Library or directly from my profile (Correlation Analysis). As the name suggests, this indicator is a market correlation analysis tool. It contains two main features: - The Curve: represents the historic correlation coefficient between the current chart and the “Reference Market” input from the settings menu. It aims to...
TVC:DXY OANDA:EURUSD I keep this close to me. I never lose sight of this.
TVC:DXY OANDA:EURUSD I always have the Dollar Index close by my side Correlation = "a mutual relationship or connection between two or more things." Trade well
We can easily see a spike up to ~ $64 on the VIX if these narratives continue to worsen in Ukraine. Correlations are approaching 1? VIX will soar.
BTC was strongly correlated to equities for long periods of time Most noticeably, from the beginning of COVID until the LUNA collapse the correlation was almost constantly close to 1. Recently, BTC seems to decouple from equities again and track GOLD more closely.