Check this out. Here we have an inverted DXY chart overlayed with Bitcoin. Both of these are on a logarithmic scale, using a 90 period correlation coefficient. Weekly chart helped me with intraday volatility and using longer period lengths helped paint a clearer picture for the overall trend. I believe the US Dollar is nearing it's 4.236 fib which is hovering around $101.50.
With that, I am working on a theory that whenever the correlation coefficient between these two number has started to show a positive correlation -- that we've gotten cycle resets from Bitcoin -- around that same time.
I am bullish on Bitcoin in the coming months and years, and would love to further develop this chart if anyone would care to assist!
Twitter: arejay_flores - Feel free to reach out!
With that, I am working on a theory that whenever the correlation coefficient between these two number has started to show a positive correlation -- that we've gotten cycle resets from Bitcoin -- around that same time.
I am bullish on Bitcoin in the coming months and years, and would love to further develop this chart if anyone would care to assist!
Twitter: arejay_flores - Feel free to reach out!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.