Bitcoin right now, is down bad. we broke below 2017 all time high, and getting close to 2019 all time high. Thinking long term, bitcoin is at a discount right now, however I personally think we can go lower. I've noticed, DXY does have a INVERSE CORRELATION to BTC. This suggests that when the US Dollar strengthens, Bitcoin weakens & vice versa. Notice DXY started...
It looks to me , that i should go for 1 Gold and 10 oil somehow.
Broadly speaking, you could say that gold and petroleum are inversely correlated.
One of the factors is that gold prices tend to lead moves in market sentiment, while oil price tends to follow economic growth. This is because, for example, investors will sell their gold in anticipation of the...
One of the most useful relationships I've found is between altcoins like BITFINEX:XRPUSD and Bitcoin Dominance CRYPTOCAP:BTC.D
This is just a comparison of XRP/USD vs. BTC Dominance, but you can see this inverse correlation play out across the vast majority of heavily traded altcoins.
And if you set your alts vs. btc instead of alts vs. USD, the correlation...
these things at time had inverse relations ships with btc as well as have very strong trends when not in consolidation patterns
I ve tried to get in BCHSV at what i thought were bottoms which faild been stopped out of a long trade for 200% percent to the upside 3 times maybe 4 but dont think that means that it wont happen thats its just not happening think for...
I've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so...
