This is a strength analysis to help see the strength of Bitcoin correlated to the US Dollar. We have to analyse the Dxy (US Dollar) to understand the weakness or strength of BTC.
With BTC SPX correlation at all time high level, the impact of inflation on BTC prices increase accordingly. Unfortunately, supply side shortages make it tough for the Fed to deal with the inflation issues at hand. So I wouldn’t be calling the bottom now even with lots of on-chain metrics at historical oversold levels. Most crypto traders are more focused on the...
Crack correlation of gold and s&p Therefore Chances are Gold is on sell targeting Sell liquidity and s&p on bullish targeting buyside Liquidity Note: Expect bigger moves for both pairs
Duke Energy Short Term -We look to buy at 105.90 (stop at 102.26) Buying pressure from 97.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has a potential to return. Bespoke support is located at 105.50. There is scope of selling at the opening but we expect support to stem any losses. Preferred trade is to buy dips close...
Hello everyone. US 10Y yield has been up by a lot since middle of last year due to inflation issues. US oil posted incredible performance due to supply issues caused by the conflict between Russia and Ukraine. Now, both of them fell a lot today. I also noted gold also dipped. Only dollar is rising today. I've been through this several times in the past few...
This chart was created to accompany a blog post which explores leveraging machine learning (RNN: LSTM) using Tensorflow Keras and SHAP to determine which factors (indicators and correlations with Macro, such as oil futures prices, Fed Funds rate, consumer spending, etc) are found by the model to be the most predictive in nature. Findings will be posted in the comments.
The Dollar correlation help you anticipate the movement of correlated pair including BTC/USD XAU/USD and any other USD pair To see this chart probably copy link
GOLD & BTC have been chopping & correlating for about a month, but may now be diverging. Monitor closely & look for trend signals, whether up or down.
China's Large Cap ETF (FXI) is showing notable bullish Relative Strength (RS) compared to the Nasdaq (0.26 on the Daily RS, using a 50 period timeframe). The typical RS between these two fluctuates between -0.15 - 0.10. FXI also tends to have quite a strong correlation coefficient vs. NDX, but we're finally seeing that break down (0.24 on the Daily w/ a 50 length...
Hello everyone. From the crypto currency to bond market, global market got great hit by unexpected surging inflation and rate hikes followed. Even gold dropped, the safe heaven asset faces selling pressure as well. It seems only the USD got attraction. So, what about NQ? My last published idea titled 'NQ may drop further to 11500!' worked. It bounced back from...
Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated. > I Believe that an ascending support line has been tested multiple times but both Riot Blockchain and Bitcoin. > With the momentum driven by earnings season in the stock market providing significant upside...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Many creators / authors here perfectly covered the fundamentals regarding LUNC and LUNA. So I thought it would be a good idea to translate it into numbers, how I digest things better as a pure price action trader. We can clearly see that LUNC and LUNA has been positively...
This chart shows the supposed correlation between the NASDAQ and BTC. You decide. * BTC is the Blue line and the NASDAQ the Red.
Trend: As BTC becomes less volatile with time due to its increased market cap, long term, fundaments for BTC get much more stronger. It's a fight between FIAT and BTC (opposite correlation) Medium term, the trend is in favor of the dollar and this won't change until they both reverse their trends (lines crossing in the chart). Remember, the Trend is your friend....
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Many creators / authors here perfectly covered the fundamentals regarding LUNC and LUNA. So I thought it would be a good idea to translate it into numbers, how I digest things better as a pure price action trader. Let's split the charts into two phases: PHASE 1: Green...
I have been watching how the Coin base equity stock is trading compared to Bitcoin . We are able to spot very good trading opportunities, such as the bear trap shown above. As of now, $COIN closed at 75.29 on Friday afternoon, which is above last weeks highs. Most people will try to go long because they consider that a breakout. On the other hand, on Friday...
I rescind my previous " long " on crypto. As we can see, the decoupling between crypto and equity has begun. Although I am not here to say how long it will happen, or exactly why it is happening, I know that as long as ETHUSD keeps falling, BTCUSD cannot compete with $SPY. A theory is because stable coins were crashing , and NFT's are doing the same . I mean,...
Compression bar for Tron (TRX) which sees a fairly high average price level maintained compared to the rest of the cryptocurrency market. This close should close with a bearish move that will consolidate a profitable start from a double low around 0.045, while if BTC looks for the BOTTOM around 18K (as I imagine), Tron could look for its low around 0.038. This...