BTC insight, BTC,FED,DXY,GOLD correlations
Updated
New iteration of fed balance,gold,dxy correlations -for clarity added fed total balance as line to the chart,candles for dxy and gold, text info on the chart. Currently gold vs dxy looks still very very 2013 - but even if it's 2013 - this can take time to resolve completly.
s3.tradingview.com/snapshots/w/wWHwOaux.png if we go further in time with gold and dxy - since 2003 fed balance sheet has been increased by 1000% - last time we had 2013 bullmarket we got increase 500% from start - this is exactly when dxy crossed up again and gold was weaker. this year if we messure from that date up to now (if the indicator is right) we got same amount of increase % wise.
s3.tradingview.com/snapshots/w/wWHwOaux.png if we go further in time with gold and dxy - since 2003 fed balance sheet has been increased by 1000% - last time we had 2013 bullmarket we got increase 500% from start - this is exactly when dxy crossed up again and gold was weaker. this year if we messure from that date up to now (if the indicator is right) we got same amount of increase % wise.
Note
looks like confirmed aswell.
Looking for an indicator that works? t.me/EAGERTOHUNT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.