BTC vs Copper/Gold
Dr. Copper and particularly copper/gold has been a powerful economic indicator for market stages and cycles. While having a low correlation with many assets, BTC is not immune to the pressure that copper/gold exert on the markets. BTC had a high correlation at times of peaks:
2013
BTC peaked -
Copper/Gold peaked -
2017
BTC peaked -
Copper/Gold peaked -
2019
BTC peaked -
Copper/Gold peaked -
2021
BTC peaked -
Copper/Gold peaked -
BTC can of course move on its own and 2019 might be the best testament of that. However, if BTC is correlated to Copper/Gold, it could be headed down. Copper Gold shows the following currently:
1 month
1 week
Price
Stoch RSI
LMACD
Keltner Channel
1 day
Price
Stoch RSI
LMACD
Keltner Channel
2013
BTC peaked -
Copper/Gold peaked -
2017
BTC peaked -
Copper/Gold peaked -
2019
BTC peaked -
Copper/Gold peaked -
2021
BTC peaked -
Copper/Gold peaked -
BTC can of course move on its own and 2019 might be the best testament of that. However, if BTC is correlated to Copper/Gold, it could be headed down. Copper Gold shows the following currently:
1 month
- Price
Stoch RSI
LMACD
Keltner Channel
1 week
Price
Stoch RSI
LMACD
Keltner Channel
1 day
Price
Stoch RSI
LMACD
Keltner Channel
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