My exchange allows me to trade Bitcoin
x5 in USD or Euro's. This chart shows the relationship between BTCEUR
divided by BTCUSD
to account for the moves in the fiat. My take is that I'm better of longing BTC
in Euros for now. The Dollar index
is reversing a year long downtrend that may force foreign currency holders to pile into USD to protect their wealth.
In the Aughts the Dollar Index
went to 120 and in the 80s it was as high as 130.
has show some strength against the Dollar, as the Volatility Stop
flipped a couple of times in the last year, but that's damning with faint praise.
There is also a possibility that when BTC
decides to S the bed it will do so more violently in USD, making the Euro
denomination easier to trade.