MrJozza

Gold and Silver price leading BTC price

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
266 1 4
Also inversely to USD index .
rc111
3 years ago
These are the indicators for me! I don't try to count waves. Note that USD Index (DXY) was previously an indicator and lately it's been a reverse-indicator: For most of this
year, DXY would go up and BTC would follow within about 3 days time. Now it's the opposite. DXY goes up and BTC will go down (after about 3 days time). The correlation is really very strong when you factor in the 3 day lag. Changes in gold and silver seem to effect BTC price within the same day though. If gold goes up, BTC is more likely to go up within minutes or hours.
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