Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my trading plan / routine, I update my charts and alerts every Sunday night to be ready for the upcoming week.
Tonight, while going over all the charts, I noticed that these there assets / tokens are forming similar price action.
LINK - DYDX - SUSHI || Weekly...
“Correlation statistically measures the strength of a linear relationship between two relative movements of two variables and ranges from 0 to 1.”
In general, assets with a correlation above 0.5 or below are considered to have strong positive/negative correlations. Conversely, a close-to-zero correlation indicates no linear relationship between two variables, and...
Crude oil prices in most of the world's physical markets have started the year with a rally, as China has shown signs of buying more, and traders fear sanctions against Russia could tighten supplies. Early indications show there has been an increase in activity, which means oil demand will increase. The EU and G7 coalition will cap the prices of Russian products...
Looking sell from here aligned to a duplicate tl. Also, we have the D100EMA. Considering market sentiment as well as Nikkei alignment at the tl. SP500 is approaching a level of interest for me for a sell after its recent over extension. With this alignment occurring, this zone is a hot spot for a sell for me in GBPJY. A modest downside target is expected when all...
Bitcoin bottoms and high-return periods often align with high correlation to Gold. We have that today.
Arguably it allows Bitcoin to move more freely, more like hard money (what it is designed to be) and more organically.
It is much better when Bitcoin is correlated to Gold as opposed to stocks.
M2 is the money in circulation issued by the government.
(fred.stlouisfed.org)
M2REAL is the real value of M2 deflated by the CPIAUCSL (Consumer Price Index for All Urban Consumers).
(fred.stlouisfed.org)
(fred.stlouisfed.org)
M2REAL is in an infinite uptrend, with a downward correction now.
The correlation with SPX is positive as both are falling.
A change in...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I always keep an eye on USDT.D to feel the overall crypto market.
📚 And today I wanted to show the correlation between BTC and USDT.D
- Last week, BTC broke above the last major high in orange and blue 19k resistance, while USDT.D broke the last major low and 8% support.
-...
I think I made up that word Correlationship but it sounds good.
As I always mention about correlations. They are only as good as the amount of data and current time position that occurs.
They correlate until they don't. They inverse eventually.
And that's because the economics of currencies are so complex with with exposure of the currencies, compared to the...
When the DXY trends in one direction, Bitcoin eventually follows the other way. The DXY tends to lead Bitcoin a bit so waiting for the DXY to begin a new downtrend would probably be a good time to start putting money back into crypto/Bitcoin.
Liquidity issues continue and long-term holders are still selling in losses. While many on-chain cycle indicators (eg. realized price) are showing BTC is in the cyclical bottom, on-chain recovering signs are missing.
The yield curve has inverted (the interest rate spread between the 10-year Treasury note and the 3-month Treasury bill). With such inversion...
📝Definitions
According to IntoTheBlock , we can classify bitcoin addresses by the amount of time they have held their investments.
The classification is done by looking at the weighted average time an address has been holding, split into three groups:
🧑🦳Hodlers — Addresses that have been holding for over one year. These are seen as long-term...
A clean trade on US Dollar vs Japanese Yen was taken on December 5th and here is it's full breakdown:
We see an example of Drop-Base-Drop market movement. We took a Base of this movement as an Supply zone and went into shorts with the goal at the local low, because:
1) Fibo discount level (0.62)
2) Clean supply zone
3) Correlator DXY was showing short signal...
A little adjustment to gold, we have seen a nice correction from latest weekly resistance test down to previous weekly resistance (now support) confluence zone sits on our 1780 handle, whole number price, with weekly and hourly s/r. Healthy 50-618 correction from recent bullish breakout. Lets see where this H1 closes.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDT.D has been bearish for the past 2 weeks. However, it is currently approaching support zone (7.9% - 8.1%)
For the bears to remain in control, we need a daily candle close below the 7.9%
In this case, further bearish movement would be expecting till the next support 7%...
Entering the market when BTC/USD goes down while BNB/USDT goes up (and vice versa) might be a veritable investment strategy.
This seems to work in many timeframes but the most lucrative is the 15m timeframe.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CAD Sell, AUD/USD Sell, GBP/JPY Buy, GBP/NZD Buy, USD/CAD Buy, USD/JPY Buy & XAU/USD...
