1. MKRUSDT trading pair is in a global downward price channel. 2. The violet zone is the price area where the most amount of volume was traded. Through identification of areas of support and resistance, we identify areas in the market which will form barriers to the trading timeframe trend. We`ve defined our battlefield. Price then moves within the framework...
DXY vs. GBP/USD Long Correlation Trade: DXY shows bearish price action: > bearish trendline break > First lower high + lower low > Muliple-MA break > Head-n-Shoulder Formation GBP/USD demonstrates a high negative correlation with DXY . To keep the spread tight, I would suggest going long GBP/USD , instead of short DXY . DXY pullback overdue, wall street bank...
Look at the Correlation Matrix heatmap for stock-bond correlation. See you at 10.700 level Short every spike.
INVESTMENT CONTEXT In a remarkably divergent trade, on May 19 BTC regained USD 30k threshold and many Layer-1 currencies (ADA, ETH, XRP) moved up at least 4% while the S&P 500 headed towards the 7th consecutive week in red U.S. President Joe Biden is touring Asia in an attempt to launch the Indo-Pacific Economic Framework (IPEF), countering criticism that...
This idea seems to be continuing on pretty well, showing the "slow" decoupling of BTC and the stock market. Currently the trend has been broken and there seems to be a confirmed retest of the upper trend. A good bounce off this should see the ratio move towards the 0.29 level and a break of that resistance level would signal a strong continuation. This (to me)...
By charting the growth rates of both the NASDAQ US TECH 100 and Bitcoin, it clearly shows a recent decline against BTC. This decline may also show the recent correlation Bitcoin has had with the NASDAQ, as the closer it gets to 0, the more correlated they are. It has broken an important trend, which is in favor of the growth rate for BTC. IMO this shows the...
In the chart we have the SPX versus the US10Y (US 10 Year Government Bonds Yeld Rate, in the blue line). We are at a peak moment. In principle, the rate in US10Y is inverse, that is, when it goes down, more people are buying — more people leave the stock market and buy government bonds. The correlation with SPX is high in periods of extreme volatility, as shown...
Hello traders and investors, today we want to update SP500 and AUDUSD charts, as we see them finishing a correction and approaching strong and important support zone. As you can see on the left correlation chart between SP500 and AUDUSD pairs, always when Aussie finds the support, we see SP500 stabilization. Well, if we take a look on the right Aussie chart from...
I wanted to create a view to hightlight correlation and Bitcoin (BTC) with the stock market (here the S&P500). This chart has many areas of interest. It shows Bitcoin can be completely detached from the stock market (as it runs it somewhat independent cycles). It also show Bitcoin can be indicating a stock market top. We only have one recesssion to observe...
Previously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. The fact that the BTC price action broke the trading range support to the downside for a sustained period of time supports the notion of a re-distribution trading range. I opened a short position near the trading range support ($41,313). Since then,...
Hello traders! Today we will talk about AUDJPY pair in which we see a completed Elliott wave five-wave bullish cycle and potential top formation after recent break below strong trendline. In Elliott wave theory, we always have to expect a minimum three-wave reversal after a completed five-wave cycle. We are now observing a minimum three-wave A/1-B/2-C/3 decline,...
So BTC has been correlated to stock market especially to NASDAQ nearly perfectly. Very hard to predict any moves on lower time frames as we rely on traditional markets. Best to do is bid at the best monthly/weekly supports in low 30ks. Looking at two scenarios: 1. Either we bounce from low 30ks and continue crab range into the mid 40s 2. Or we capitulate below...
DXY is inverse correlate with BTC price. When the $ is crashing (or slowly grinding) the BTC price is going parabolic (or performing well). The assets that have a high risk (crypto) are not performing very well when the $ index is rising. Best strategy now is to be patience and zoom out. Even if the recession is confirmed, we'll have the best buying...
Looking for a reversal sign for a long oppurtunity. Just from at least 1-2 daily close above trend-line. Looking for a test of 2.65 and re-test of trend-line for a short opportunity. Must be coordinate with bitcoin sentiment.
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Previously, I’ve demonstrated that, oftentimes, there exists a strong positive correlation between the BTC price and the NASDAQ 100 Technology Sector (NDXT) price suggesting that knowledge of the BTC price allows one to predict the NDXT price with a reasonable degree of accuracy and vice versa. The purpose here is to test the notion that when the US dollar is...
Numerous podcasts and other news sources suggest that there exists a strong positive correlation between BTC price and the price of tech stocks. To test this notion, I plotted the BTC closing price and the NASDAQ 100 Technology Sector (NDXT) closing price on the daily time frame. Based on visual inspection of the upper panel of the chart, there are time periods...
Just a visual on how correlated these two tickers are. Pivots line up eerily close, though price reacts at different degrees of magnitude. More up dates in my other locations. Cheers