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Correlation

📈 BTC vs. S&P500: Broken Correlation & The Next Big Move!🔥🔀💰Wishes for a nice month everyone and let's all pray for logic and Peace in the World.🌍 🎓 November has started with a bang, and we're seeing some interesting movements in the financial market. 📊 🔍 Observations: Bitcoin's Rollercoaster: BTC took a slight dip today, even after a splendid performance post the Federal Reserve announcement. 💸 Inverse Correlation Emerges: Historically, Bitcoin & S&P 500 moved hand in hand. But now? They're moving in opposite directions at times! 🔄 Past Patterns: Dive into 2018, 2019, and 2020, and you'll see this dance between BTC and S&P 500. Correlation breaks, then normalizes, and ultimately... BOOM! 🚀 A significant price movement ensues. 🤔 Thoughts: ChatGPT Insights: Looked up ChatGPT for more on this correlation break. Factors like market sentiment, liquidity, and micro events could be playing a role. Current Market Trend: Bitcoin's moving up while indices correct. What's next? We might see this correlation normalize soon. 🔄 The BIG Resistance: Keep an eye on Bitcoin as it approaches the major resistance level I've been talking about. This could be a pivotal point! 🔝 🔥 Hot Takes: Bitcoin: Feeling bullish! Major support lies around 34,000, and I'm optimistic about BTC reaching the 37,000 mark and beyond. 🚀 S&P 500: Spotted a significant resistance at 4,327. Bearish trends have been dominant since last year, but a break above this resistance could change the narrative. 🐻 vs 🐂 In conclusion, watch out for the correlation between Bitcoin and the S&P 500. When it breaks and normalizes, it might just present a golden opportunity! 🌟 Keep observing, analyzing and take grown up decisions; stay vigilant, and remember to do risk management and have patience 💰 One Love, The FXPROFESSOR 💙 link:
SP:SPX
by FX_Professor
Tue 22nd November 2022 Daily Forex Charts : 7x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CAD Sell, AUD/USD Sell, GBP/JPY Buy, GBP/NZD Buy, USD/CAD Buy, USD/JPY Buy & XAU/USD (Gold) Sell. A few of these are higher risk and there is obviously some correlation here, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
OANDA:XAUUSD
by JAGfx
6
SECRETS the USDT.D chart can reveal - Crypto Bullish or Bearish?Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's video analysis, I share with you the SECRET of the USDT.D chart, that otherwise seems irrelevant in predicting the ENTIRE crypto market direction... right? Watch this video to find out what the USDT chart can reveal about the general trend of Bitcoin and altcoins / TOTAL cryptocurrency market cap. I also use one of my favorite technical indicators, the correlation coefficient. Now , you might wonder, why are market caps relevant? In general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. For this reason, market cap is often regarded as the single most important indicator for ranking cryptocurrencies. The market cap of a cryptocurrency is determined by the current price multiplied by the circulating supply. The market cap of a cryptocurrency more or less reflects the popularity of a coin over a longer term and can reveal how much market participation there is in a specific asset. Large-cap cryptocurrencies are generally considered to be safer crypto investments. These are companies with a market cap of more than $10 billion. Investing in coins with large market capitalization is usually a conservative strategy. These coins are likely to be less volatile than other cryptocurrencies but still more volatile than traditional assets like stocks. Mid-cap cryptos (think top 20ish altcoins) are more volatile but also have a lot more growth potential than large-cap cryptocurrencies. Micro-cap cryptocurrencies are extremely volatile and considered a highly risky investment, even though they may sometimes have a lot of potential (short-term) growth. However, be aware that they may also crash, literally from one minute to the next. They are also popular for pump and dump schemes, and liquidity rug-pulls. _________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
CRYPTOCAP:USDT.DLong
by CryptoCheck-
41
DXY importance to current setups!Just a bit of a reminder to always cover risk and never forget market structure. This is why I have already taken some profit on AUDUSD as the US dollar is still on a bull run in the longer time frame.. been a forex trader is about creating the best opportunities and limiting the amount of risk, this is why I believe the way I trade and analyse the market works so well for me because I understand that the market has a mind of its own and you have to treat it like that!!
TVC:DXY
by jamison_fx
How To Invest In Bitcoin & Ethereum Using S&P500 IndexIn this video, I explain how Ethereum and Bitcoin have been trading in tight correlation to the U.S S&P500 stock market Index. I will show you how to use historical Volatility, to know how much the two cryptocurrencies fluctuate on average per month, alongside price swings in the S&P500. Equipped this this knowledge, you will be able to see when the S&P500 pulls back within its long-term bullish trend, this is the time to buy Ethereum and Bitcoin. Its been well documented in the media about this correlation, but let me show you how to make money from it.
COINBASE:ETHUSDLong
by KayansMarkets
1
Mon 14th Feb 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/CHF Sell, EUR/JPY Sell & EUR/USD Sell. Watch the overall risk due to the high correlation between these trades, as all involve the EUR. Enjoy the day all. Cheers. Jim
Short
by JAGfx
2
From US10Y yield to Gold and NQ(sensitivity & 6-month time lag)Alright, I think people are tired of US 10Y yield, but my analysis revealed that gold is more sensitive to US 10Y yield than NQ. In addition there is a half-year time lag. If you're interested, could jump to the end of my video. Some highlights are as below: 1. The new range of US 10Y yield(1.5% - 2%) 2. NQ bullish setup review(risk & return) and the benefit of trail stops by using short-term MA. 3. Why a bullish and bearish gold setup after key zone violation? How to reduce trading risks by price action? 4. Why gold started to drop since Aug.8th 2020 ? How the date correlate with US 10Y yield? 5. The correlation between NQ and Gold and why do they move in the same direction sometimes? Feel free to share your thoughts, and don't hesitate to give me a like if you like the video!
FX:XAUUSD
by JICPT
From US10Y Yield to Tesla and JPMIn this video, I explained the logic of recent market move caused by US 10Y yield. Actually, what caused the volatility doesn't matter at all, the key is what you're going to do. Some highlights are as below: 1. Why JPM rallied in the recent month? 2. Concern of the US 10Y rally continue to weigh on stocks.. 3. Similar pattern between US 10Y and JPM 4. Valuation drove the buyers to cheap stocks. Enjoy your trade. Be careful if you're using leverage to trade stocks, like Tesla.
NASDAQ:TSLA
by JICPT
6
BTC, XLM and XRP correlation brokenIf you can hear me, great! If not.. I am highliting that there is a decent amount of correlation going on with XRP and XLM, in comparison with BTC. HOWEVER As of recent, the correlation seems to have swayed to negative correlation. Remember, one coin is based on decentralization, and the other/s are based on the polar opposite, on the side of banks... Also, I said that when BTC corrects to $12-20k, i imagine XRP and XLM will begin a bull run.
BITSTAMP:BTCUSDLong
by Divit_R
BITCOIN: What's driving it? Is 30,000 in sight?In this video I show my theory on what's probably happening with BTCUSD. It appears that Bitcoin is being used to hedge against the US Dollar crashing. $22,000 is certain in sight and who knows it could get to $30,000 sooner than anyone might imagine. I still think that BTC is too volatile for my liking and therefore I've stayed out. I've been happy to avoid FOMO. I've lost nothing. I think that many will profit from a possible further charge north. But there is also still a risk that it BTC could reverse significantly. Best wishes for the Christmas period 🎅and have a Happy Prosperous New Year. 🥂🎁
Editors' picks
BITSTAMP:BTCUSDEducation
by Captain_Walker
29
░░░░▒▒▒▓▓ CBOE Crude Oil Volatility Index ▓▓▒▒▒░░░░Hello. My name is François Normandeau. This is an ADX-BRIEFING video focused on CBOE:OVX The CBOE Crude Oil Volatility Index (CBOE:OVX) can be used in order to identify important trading opportunities. Here, OVX is on the right side of this post. The indicators we see under the price window of OVX mention when the US Oil market TVC:USOIL enters a period of statistically significant volatility . We can then time it with the indicators on West Texas Intermediate in order to determine entries and exits for actual trades. More info can be found in the TradingView IDEA related to this post. Wishing you a great weekend. François Normandeau Institutional Research Director at ADX-BRIEFING
CBOE:OVX
by Pine_Academy