Shares of MGTI have strongly corrilated with shares of GBTC and now the shares of MGTI are selling off into earnings while GBTC has rallied. A sharp pop in shares of MGTI is very possible due to the action of GBTC as off late. MGTI has also ramped up their bitcoin mining opperations buying 2000 more Antminer S9 miners. With these new miners alone MGTI will...
Analysis of SPX and ADL and ADVL, and also positive and negative correlation in 10 days period. Important to notice that in the situation when ADL up and SPX down, doesn't anticipate a drop in SPX in the correlation indicator above. Only when SPX up and ADL down that usually does but is not guarantee also.
Analysis of SPX and ADL and ADVL, and also positive and negative correlation in 10 days period. Important to notice that in the situation when ADL up and SPX down, doesn't anticipate a drop in SPX in the correlation indicator above. Only when SPX up and ADL down that usually does but is not guarantee also.
No need to explain the charts themselves pretty much sum up the title of this post. The only thing I can say is that I'm definitely looking towards the downside on both of these 2. Trade safe and implement your own due diligence before entering a trade.
I compared the correlation between Euro_ Gold_ and Dollar_ on a combined chart, and tried to figure out the periods when Euro_ and Gold_ reacted inversely to DXY_ trend. I distinguish the two factors effecting gold_prices: USD_weakness, risk appetite. Focusing on the non-economic risks, I recall these critical events since November.2016. - US election risk...
Rising commodity prices-CRB index (high inflation) are generally indicative of economic growth, which results in higher interest rates and lower bond price ( higher bond yield)
After a trend line break out , it could be noticed how the Dollar has been getting stronger through the days. However, a retracement till 93.00 is not a bad idea , in order to start shaping an inverse head and shoulders, a reversal pattern. ----- Constructive Critics are well received. *I appreciate your feedback. Thank you.
Ok this one is interesting. Let's check out the divergence between the equity market and gold. No statistical arbitrage opportunity on this one, but this seems to indicate to me that once the correlation between the two starts to get closer to equilibrium, gold will already be rising and equities should begin a descent down, although likely not for long. The...
Correlation between BTC and LTC. LTC to catch up with BTC&USD?
Or let's say bad for USD. History repeats itself with Republicans in office :D Good time to buy gold? As long as support holds at 1280 level, we could see another rally to 1400. Which means USD heading lower to the 80s.
If things happen like in the drawing, then we know we have strong market!
Direction is unknown at the moment. price has opened JUST underneath a resistance line and could possibly bounce off and continue downwards. Although if my ideas about EURGBP are correct then GBP will be gaining strength to go long. Upward divergence also gives the idea of a shoot UPWARDS. Bands on TDI are also low. Watch closely.
Since May.2017, I noticed that the prices of bitcoin and gold are acting under a correlation, although not like the correlation between silver and gold.
Dash trapped in wave 4 triangle like BitCoin and LiteCoin. We assume that Cryptocurrencies are in positive correlation, so we have to track this triangles. Triangles are typical for wave 4, so we are expecting new highs in next days/weeks and @500 psychological level can be seen. ew-forecast.com <- Visit for more Cryptocurrencies FREE Analysis!!
all big cryptos correlating now what du you think about it ?
I GUESS USDJPY WILL FOLLOW THE SAME PLAYBOOK USED IN EURUSD LOL
Taking 1st of January 2015 as the starting point, I overlapped gold prices and US10Y bond yields to review the correlation between these. The scales are by percentages taking 2015/01/01 level as zero point. The correlation is apparent as we know about it. I noted two points in this chart: (1) The correlation cycle is diverging since the beginning of year 2017....
This setup is in correlation with my longterm daily short view , watch in related idea and update . Accumulation of : -H4 Trend retest (Red)*** - Double downtrend (blue) - Resistance zone - Triple fibonacci level - Bearish structure continuation A safe way to trade is to wait for a retest of the red trend & a breakout of the current m15 bull trend .