there is negative correlation between EUR/USD and USD/CHF. save your profit in 0.936
Looking at the trading patterns for both $ETHUSD and $LINKUSD, they both seem to be identical throughout 2021. They were similar for a period in 2018 by then diverged, converging again in 2021. What caught my eye specifically was the massive dip on Feb 22, 2021. Why are these two trading the same?
I haven't seen anything about this yet, so here is a chart comparing the price of COIN with the price of BITCOIN. I think that it's safe to say that so far there is a direct correlation between the two. Not saying they won't diverge or converge at some point... but that might be a signal of sorts. It will be interesting to follow this pair and see how they relate...
Hello everyone. It's been a while since I reviewed US 10Y yield last time. Now the control low has been violated, indicating sellers started to take control. From the daily chart, we can see that bearish downtrend has been formed with a control high zone just above. With the weakness of US 10Y yield, stocks are recovering from the low created by the news of...
Like evil Skeletor... BTC has its crypto MINIONS, binance, cardano, polkadot, ripple, uniswap, theta, and litecoin..... When there is stress in the crypto market, there is an incredible amount of correlation in the charts!! REMEMBER THIS, you have to look at the flagship, to see what colors the rest of the armada will wave. LOOK AT THE LIGHT GREEN BOX!. You...
Hello Trader, good mood and profitable trades ! As you can see on the chart, HOT forming a bullisht chartpattern !! TRIGGER: breakout whit confirmation on LTF or bullback Fib bretracemant act as targets SL in red area, or if price falling back in the pattern under 0.618 ! Remember that things can change too . If you like this idea , support me with likes and...
On the Daily - Obvious reverse signal here - give it 5 - 10 days and ALGO with be ATH.
As you can see in the picture BTC has 1-2 weeks offset in time with DXY I tried to mentioned this difference in both charts It seems it more probable to see another leg down in BTC
The market lately has been very unstable to say the least and has been willing to jump onto any boat it can in order to avoid inflation, However the price action we are seeing on the 30 YR seems to indicate that Inflation fears are overblown and that the Value if the Dollar index will likely remain stable. While looking through the charts i noticed that there...
Hello traders, US 10Y yield just violated the control low zone on the daily chart, retreat to the lower part of the new range on the weekly. It's good for stocks and commodities as we saw NQ, copper, gold, silver all rally. Day close candle is important. I will check how it closes. As the yield goes lower, odds are on buyers side. You can check my linked idea...
Are those assets really correlated on a different time frame? are those 2 the major safe heavens of the world investors?
i dont see any correlation to dxy rising = market crash from 6/14 to 3/15, DXY rose 19%, in the same period DJI rose 1200 pts from 1/17 to 1/18 dxy fell 13% in the same perido DJI rose 2500 pts From 1/07 to 2/09 the dxy dropped 7%, rose 20% then dropped 6% then rose 8% while DJI dropped 7000 pts From 3/87 to 11/87 DJI dropped 20 %; DXY dropped 9% i see no...
I'd like review the patterns from time to time. Pattern works until it doesn't. On Jan.6th, I wrote the idea titled " US 10Y jumped by 5+% A dangerous sign for stocks ". I was concerned of the speed. One month later, stock market started to fell drastically mainly due to this factor. What I observed for the past few days is that the pattern may not work again....
! Not financial advice but someone sharing his trading diary! - Make your own plan and you gonna be fine in the long run DXY Is preparing to reach local Fib extensions / Previous consolidation - This is short-term bearish for everything else (I am relating mostly to BTC and USDT Altcoin pairs). A correction scenario is more likely. - longs are safer again if it...
US 10Y yield has been surged for a few days. I mentioned why I'm bullish in the related ideas almost one month ago when the price of JPM sat around 150. Now, it's 160, not bad compared to Tech stocks! It's necessary to include stocks in the banking sector under such circumstance. As inflation is still low, I recommend to buy the dip until late Q2 when we might...
“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...
This is an overlap between CAKE and BNB to get the correlation between them.
As the community of traders reckons with many a crazed new-comer and their love of gamestop GME and AMC we have to be glad that people are being more and more interested in trading. However, for many of us, trading isn't to make a statement: it isn't to make a point, to stick it to someone or to prove how resolute you are. For me at least, trading is the end...