TradingShot

GOLD's and BITCOIN's correlation. BTC about to drop?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
This is a chart displaying Gold's (XAUUSD) correlation with Bitcoin (BTCUSD) on the short/ medium-term. As you see the two have been tightly correlated since late last year. When Gold started dropping aggressively after the February 02 High, Bitcoin followed shortly, though with not such an aggressive note. With Gold declining rapidly today, is this an early indicator that Bitcoin is about to do so as well to the 26k-25k zone?


-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇

👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot

🔥New service: next X100 crypto GEMS!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.