Greetings,
Today, we're focusing on the correlation between the
NDX
& the cryptocurrency markets in particular
BTCUSD
&
ETHUSD
. Although I predominantly invest and trade cryptocurrencies, we also use other markets & indices to do analysis. BTC and ETH tend to move in tandem with the NASDAQ. Although we like to look at long term trends, we're looking at a short term gap to be "explored", while NASDAQ has squeezed, both the cryptos have been stuck inside the "dynamic formation" and the catch up moves tend to be violent...
Have a look at my chart posted, NASDAQ (pink), BTC (Orange), ETH (Blue), the correlation between prices and moves is incredible and nothing short of a coincidence. Which is why I believe CRYPTO LOVES THE NASDAQ. Below are a number of other tools I use when doing a comparison.
What Is the CBOE Volatility Index (VIX)?
The
VIX
is a real-time index that represents the market’s expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). Often considered the FEAR INDEX because it is derived from the prices of SPX index options with near-term expiration dates, it generates a 30-day forward projection of volatility. Volatility, or how fast prices change, is often seen as a way to gauge market sentiment, and in particular the degree of fear among market participants.
VIX CHART
What is USDT.D?
USDT (tether) is a stable coin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable. USDT.D is a metric that traders can use to quickly get a sense of Tethers value relative to that of the broader digital currency market. This index, offered by CoinMarketCap, measures USDT market capitalization (market cap) compared to the overall market for these digital assets.
USDT.D Chart
Goldman Sacks forecasting 50bp hikes at next FED meeting in May
The level of the funds rate would still be low at 0.75-1%, and if The FED is open to moving in larger steps, then we think it would see a second 50bp hike in June as appropriate under GS forecasted inflation path. After the two 50bp moves, it's expected that 25bp rate hikes at the four remaining meetings in the back half of 2022.
We are constantly self analysing our charts, investments and trade strategies and continue to control emotional buys, as they are often bad ones.
Remember, nothing is guaranteed, control the controllables.
Mogues
Today, we're focusing on the correlation between the
NDX
& the cryptocurrency markets in particular
BTCUSD
&
ETHUSD
. Although I predominantly invest and trade cryptocurrencies, we also use other markets & indices to do analysis. BTC and ETH tend to move in tandem with the NASDAQ. Although we like to look at long term trends, we're looking at a short term gap to be "explored", while NASDAQ has squeezed, both the cryptos have been stuck inside the "dynamic formation" and the catch up moves tend to be violent... Have a look at my chart posted, NASDAQ (pink), BTC (Orange), ETH (Blue), the correlation between prices and moves is incredible and nothing short of a coincidence. Which is why I believe CRYPTO LOVES THE NASDAQ. Below are a number of other tools I use when doing a comparison.
What Is the CBOE Volatility Index (VIX)?
The
VIX
is a real-time index that represents the market’s expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). Often considered the FEAR INDEX because it is derived from the prices of SPX index options with near-term expiration dates, it generates a 30-day forward projection of volatility. Volatility, or how fast prices change, is often seen as a way to gauge market sentiment, and in particular the degree of fear among market participants. VIX CHART
What is USDT.D?
USDT (tether) is a stable coin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable. USDT.D is a metric that traders can use to quickly get a sense of Tethers value relative to that of the broader digital currency market. This index, offered by CoinMarketCap, measures USDT market capitalization (market cap) compared to the overall market for these digital assets.
USDT.D Chart
Goldman Sacks forecasting 50bp hikes at next FED meeting in May
The level of the funds rate would still be low at 0.75-1%, and if The FED is open to moving in larger steps, then we think it would see a second 50bp hike in June as appropriate under GS forecasted inflation path. After the two 50bp moves, it's expected that 25bp rate hikes at the four remaining meetings in the back half of 2022.
We are constantly self analysing our charts, investments and trade strategies and continue to control emotional buys, as they are often bad ones.
Remember, nothing is guaranteed, control the controllables.
Mogues
