Have you ever heard of the DXY GLD relationship? No? Well, let me break it down for you. The DXY is an index that measures the value of the US dollar against a basket of other currencies. GLD, on the other hand, is the ticker symbol for gold. Now, why do these two things matter to us Bitcoiners? Because there seems to be a correlation between the DXY GLD relationship and the price of Bitcoin.
When the value of the US dollar goes up, gold tends to go down. And when gold goes down, Bitcoin goes up. So, it's like a weird game of seesaw, but with money instead of kids.
So, what does this mean for us? First, if we keep an eye on the DXY GLD relationship, we can predict when Bitcoin will go up or down. And if we're smart, we'll buy Bitcoin when gold is down, and the US dollar is up.
Now, I'm not saying this is a foolproof plan. The world of investing is always unpredictable. But it's worth a shot, right? So, let's keep an eye on that DXY GLD relationship and see if we can make some wise investments.
Are you with me? Let's buy some Bitcoin and see where this takes us.
When the value of the US dollar goes up, gold tends to go down. And when gold goes down, Bitcoin goes up. So, it's like a weird game of seesaw, but with money instead of kids.
So, what does this mean for us? First, if we keep an eye on the DXY GLD relationship, we can predict when Bitcoin will go up or down. And if we're smart, we'll buy Bitcoin when gold is down, and the US dollar is up.
Now, I'm not saying this is a foolproof plan. The world of investing is always unpredictable. But it's worth a shot, right? So, let's keep an eye on that DXY GLD relationship and see if we can make some wise investments.
Are you with me? Let's buy some Bitcoin and see where this takes us.
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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.
Get your free C++ High Frequency Trading ebook at
quantlabsnet.com/registration
Or talk me live 1 on 1 at wa.me/16477809447?text=Hi I saw you on TradingView and I got questions
quantlabsnet.com/registration
Or talk me live 1 on 1 at wa.me/16477809447?text=Hi I saw you on TradingView and I got questions
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.