Hi everyone, this is next Education post I do at this time, more Education post will be better for all you guys look and comparing with another market in Inter-market analysis.
NOTE:
CANDLE - BITCOIN YELLOW LINE - GOLD PURPLE LINE - USOIL BLUE LINE - US DOLLAR CURRENCY INDEX RED LINE - S&P500
At this post we will not talk detail about the Economic and discuss in deep. We just simple compare how the price of each market action in each Period. And from that we can predict for next time. This is several Period I make in the chart and the trend of each market.
Period 1: USOIL - sideway GOLD and DOLLAR INDEX in bearish BITCOIN and S&P500 in strong bullish
Period 2: USOIL and GOLD and BITCOIN in strong bearish DOLLAR INDEX and SP&P500 in strong bullish
Period 3: USOIL and GOLD and BITCOIN and S&P500 in bullish DOLLAR INDEX in bearish
Period 4: DOLLAR INDEX and USOIL in bullish BITCOIN and GOLD in bearish S&P500 recover and sideway
This is 4 period I show for you in order revealing a general view of opposite and similar in each market.
What do you see ? As my opinion BITCOIN and GOLD and USOIL has similar trend and contract with DOLLAR INDEX and S&P500 and also has sometime they both increase follow the trend of Global Economic.
As this comparing and the cycle of market, next time will be the Bullish Period for BITCOIN and GOLD.
What about opinion ? Comment in below and we will discuss together.
Thank for reading and leave a LIKE is the best way for support Author !
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This Topic for discussing so LIKE this post and we can exchange idea in below !
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