Numerous podcasts and other news sources suggest that there exists a strong positive correlation between BTC price and the price of tech stocks. To test this notion, I plotted the BTC closing price and the NASDAQ 100 Technology Sector (NDXT) closing price on the daily time frame. Based on visual inspection of the upper panel of the chart, there are time periods...
Just a visual on how correlated these two tickers are. Pivots line up eerily close, though price reacts at different degrees of magnitude. More up dates in my other locations. Cheers
Hello traders! Today we want to share an intraday update for USDJPY pair in which we see nice and clean bullish impulse in progress, ideally back to highs for wave 5 that can retest the highs and 125 - 126 area. The main reason why USDJPY may stay up is still an unfinished five-wave decline on 10Y US Treasury Notes. As you can see, there's a negative...
In this video, I explain how Ethereum and Bitcoin have been trading in tight correlation to the U.S S&P500 stock market Index. I will show you how to use historical Volatility, to know how much the two cryptocurrencies fluctuate on average per month, alongside price swings in the S&P500. Equipped this this knowledge, you will be able to see when the S&P500 pulls...
I am looking to see DXY shoot to the given resistance level. As we can see we are in an ascending channel, let's see how it goes.
Price was previously in a rising expanding channel, then a breakout to the downside occur, & current market structure is a downtrend where price is now forming lower lows & highs. Price has now made a new lower high, making a retest of the broken channel. This zone also aligns perfectly with the 50% fibonacci retracement & a strong zone of previous support now new...
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An overview comparison of the correlation between BTC, Gold, and Stock (NASDAQ).
I am looking to see DXY melt. Let see how it reacts to the given resistance zone. Lets hope for the best.
Price has previously created a rising wedge pattern, & has broken it to the downside after failing multiple times to break above key level resistance, which aligns with the higher timeframe descending trend line which was rejected for a "3rd time today. Price also has formed a head on shoulders formation on the lower timeframe & has made a successful break &...
I am seeing a lot of weakness in the US Dollar. I have set the first tp zone but if things continue this way we may see the dollar reach the 94.415 level. Let's see how it goes.
Strong correlation! Looks like BTC is going to rise as capital flows from risk-on to risk-off assets.
Hello Traders, There is an interesting correlation between Bitcoin and spread of US 2 year bond and US 10 years. Correlation looks affirmative from the early 2020 until now. Even on smaller time frames correlation can be observable. Wanted to share that, Stay safe!
Hey traders, in the coming week we are monitoring XAUUSD for a buying opportunity around 1895 in case of a breakout, once we will receive any bullish confirmation we will buy the retrace. Trade safe, Joe.
Hello traders and investors! Today we will talk about stocks and Aussie (AUDUSD) pair regarding risk-on/risk-off sentiment, so if you are wondering when stocks will be back to bullish mode, then keep an eye on Aussie. As you can see on the left correlation chart between SP500 and AUDUSD pair, always when Aussie finds the support, we see SP500...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x 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 EUR/CHF Sell, EUR/JPY Sell & EUR/USD Sell. Watch the overall risk due to the high...
POHKONG's bullish triangle seem still valid.. perhaps..still waiting for GOLD price surging up to all time high again...
Dollar Index (DXY)'s 98-99 possible a strong Resistance for it to complete wave D ( Yellow) of long term triangle pattern.