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Bitcoin-gold

USDCNH: Update - Time at mode uptrend signalIf this signal works, we'll have a great rally into resistance, which could lead to a top, and a sideways consolidation for some time in the 6.75-7 range. I think this would align with other markets showing similar mixed signals regarding equities and the dollar, or with bonds and gold chopping around but finding buyers in the daily oversold lows. Bitcoin also paints a similar picture, potentially consolidating for a good 1-3 months in this zone where it is now. Good luck, Ivan Labrie.
Long
by IvanLabrie
GLD & BTC Correlation?I struggle to fully understand the connection here, if anything I would have thought the direct correlation between these two assets would exist. Flight to safe haven be it a cryptocurrency or an asset like gold, I would have thought the same fear drives these actions. This chart is contrary to that view / idea, here we have seen a pronounced tracking since early 2015, before this its very supurious, I can only link its rise to the complications arising with monetary policy experimentation in the US coming to and end and bitcoin settling down from its explosion in value. If anyone has any ideas here of whats going on and how its likely to develop going forward I would be interested to hear!
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by MarcusWilliamson