btcfunk

Bitcoin and Gold - The connection

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone! This is my first chart, so I hope you like it. There might have been other people that have already seen this, but I would like to give my view on this.

If someone takes a look on the last 1 year, he will notice that the bitcoin             price followed a similar pattern to the one that gold             had, with delay of 20-30days.

Also, in 2014 for about 215 days, they were almost entangled. In 2015, they had 5 opposite peaks and troughs.

I put vertical lines close to places where the prices of the two were either 'bottoming or topping' simultaneously, on either the same or different direction.

As some might have already noticed, these are probably due to major events in Cyprus, Greece etc.

If someone has any ideas on how to connect the two in a better way, in order to make better predictions, please let me know :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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