Bitcoin leading the breakout of XAG and XAU

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
To me this looks like BTC             was leading the recent breakout; Gold             and Silver             following roughly a day later. Have to check if this happened in the past, but this could make BTC             a 'market maker' of some sort, or at least an indicator - since arguably BTC             traders might be more flexible and quicker to adapt.
Yes, BTC traders seem quicker to respond and BTC does not close over the weekend (regardless, Gold still took several hours to reach the low on Monday). Seeing the Light that Bitcoin is the future, must mean that Bitcoin traders are somehow a little bit sharper upstairs than the rest! Jokes aside, Ultimately, Gold and Silver are in different wave degrees than Bitcoin so it may be that they never correlate neatly but some correlation will probably be found. It's very interesting.
I think it has more to do with the pull back of the dollar, affecting BTC, silver and gold. The movement of BTC to gold/silver definitely is similar
sraosha LastBattle
Yes, of course BTC is not a root cause per se, just seems to react more quickly.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out