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Flow_d_rooj
Apr 22, 2022 7:06 PM

Correlation of BTC and DXY(Invert) from 2015-2022. Long

U.S. Dollar Currency IndexTVC

Description

Check this out. Here we have an inverted DXY chart overlayed with Bitcoin. Both of these are on a logarithmic scale, using a 90 period correlation coefficient. Weekly chart helped me with intraday volatility and using longer period lengths helped paint a clearer picture for the overall trend. I believe the US Dollar is nearing it's 4.236 fib which is hovering around $101.50.

With that, I am working on a theory that whenever the correlation coefficient between these two number has started to show a positive correlation -- that we've gotten cycle resets from Bitcoin -- around that same time.

I am bullish on Bitcoin in the coming months and years, and would love to further develop this chart if anyone would care to assist!

Twitter: arejay_flores - Feel free to reach out!
Comments
Xenn3
Pretty much this, DXY is topping out so we'll get another run in a month or two.
Flow_d_rooj
@Xenn3, Agreed, was a little premature on the extensions but DXY starting to crack a bit!
mchabot001
@RJFlores ! Great job I like it ! how can i build this chart on my session, trying to have this exact chart for a while
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