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Correlation

BTC vs USDT.D - Who Follows Who? 👀Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on USDT.D to feel the overall crypto market. 📚 And today I wanted to show the correlation between BTC and USDT.D - Last week, BTC broke above the last major high in orange and blue 19k resistance, while USDT.D broke the last major low and 8% support. - BTC is currently sitting around a strong resistance zone in green 22,000 while USDT.D around a support zone 7% - For the bulls to remain in control for BTC, we need a break above 22,000, which would be USDT.D breaking below 6.8% Meanwhile, a rejection would be expected. And so on... the picture is self-explanatory. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
44
Correlationships between EURCHF, EURUSD and USDCHF - EXPLAINEDI think I made up that word Correlationship but it sounds good. As I always mention about correlations. They are only as good as the amount of data and current time position that occurs. They correlate until they don't. They inverse eventually. And that's because the economics of currencies are so complex with with exposure of the currencies, compared to the past where theory matched reality. Anyhoo. Right now and as of the last couple of months we have seen a positive Relationship between EURCHF and EURUSD However, there is an Inverse relationship with the two above currencies and USDCHF. It is common for both the EUR/CHF and EUR/USD to follow as they are European currency pairs. This means they are likely to be influenced by similar economic factors such as interest rates and inflation in the Eurozone. With the USD/CHF, it is a cross currency pair of two safe haven currencies. And so, when the USD rises, it will appreciate against the CHF, and the USD/CHF will increase in value.
Long
by Timonrosso
1
Alarming Macro Conditions for BTCLiquidity issues continue and long-term holders are still selling in losses. While many on-chain cycle indicators (eg. realized price) are showing BTC is in the cyclical bottom, on-chain recovering signs are missing. The yield curve has inverted (the interest rate spread between the 10-year Treasury note and the 3-month Treasury bill). With such inversion preceding prior 8 recessions since 1960s and correlation between BTC and SPX hovering at its all time high level, the global macro condition does not look promising. Furthermore, despite peaked in Q3, the 7.1% U.S. Consumer Price Index (CPI) remains well above the Federal Reserve’s 2% target. With Q3 real GDP stats better than that of Q1 and Q2, the Fed might tighten the leash in the months to come. The above chart is from my June idea BTC: Don’t DCA Yet . It’s worth noting again that in the entire BTC history, most gains were generated in periods of healthy liquidity from either monetary or fiscal policies. Thus, under continued quantitative tightening and a potential recession on the horizon, the upside for Bitcoin is extremely limited.
SP:SPXShort
by Phi-Deltalytics
4
Trader addresses vs Bitcoin price 📝Definitions According to IntoTheBlock , we can classify bitcoin addresses by the amount of time they have held their investments. The classification is done by looking at the weighted average time an address has been holding, split into three groups: 🧑‍🦳Hodlers — Addresses that have been holding for over one year. These are seen as long-term investors 🧑Cruisers — Addresses holding for over a month but under a year. These are mid-term or so-called swing traders 🧑‍🦲Traders — Addresses holding for under a month. These are short-term speculators 📈Graphic analysis There is a positive correlation between the number of traders and the Bitcoin price most of the time. It is interesting to note that the number of traders is at the same level as July 2019, while the Bitcoin price is in the same zone as the 2017 top. 🟢The scenario will be bullish if the number of traders break through the blue rectangle and seek the upper part of the symmetrical triangle; 🔴on the other hand, the scenario will be bearish if this indicator seeks the bottom of the triangle. ⚠️And it would be extremely bad if it broke the triangle below. 📆This week promises a lot of volatility, with US inflation data being released on 12/13/2022, and on the 14th the interest rate release, along with the FOMC projections. 🇪🇺 In addition there will be a hectic agenda in the European Union.
BLong
by andre_007
2
USDJPY Short From H1 Supply Zone ( + 3,7 RR)A clean trade on US Dollar vs Japanese Yen was taken on December 5th and here is it's full breakdown: We see an example of Drop-Base-Drop market movement. We took a Base of this movement as an Supply zone and went into shorts with the goal at the local low, because: 1) Fibo discount level (0.62) 2) Clean supply zone 3) Correlator DXY was showing short signal too 4) Supply zone on a resistance level 5) Imbalance to fill in 6) Price tapped the zone on a EU session 7) RSI divergence on M30 The TP wasn't lower due to the premium zone and more imbalance laying above. Typically, we wouldn't take this trade due to this factor, but all 7 reasons were solid and we were right. If you like such type of content with explanation, like this post and leave a comment!
Short
by Assassin_capital
1
All Eyes On USDT.D 👀Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. USDT.D has been bearish for the past 2 weeks. However, it is currently approaching support zone (7.9% - 8.1%) For the bears to remain in control, we need a daily candle close below the 7.9% In this case, further bearish movement would be expecting till the next support 7% and lower orange trendline. Thus further bullish movements would be expected for the crypto market. Meanwhile, until the bears take over, the 7.9% is acting as support and hold the price upward. If any bullish reversal setup is activated and/or if we break above the upper red trendline, then expect further bullish movement. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CRYPTOCAP:USDT.D
by TheSignalyst
7
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
Graphical and Fundamental Analysis of Riot Blockchain (RIOT)1. Graphic Analysis The price has broken a diagonal support at the white line. If going to bet on a rise, I would expect a bear trap at $4. If the downtrend continues, the next targets will be hit on the Fibonacci projection. $1.30 would be the longer target. The indicator at the bottom demonstrates the correlation with the price of Bitcoin, which is positive. The macro scenario remains bad, largely due to the FTX crash. The quarterly results presented by blockchain and mining companies are being released, and by the way, they are not good. The question is: if the next results are not positive or if more companies fail, to what extent this would affect Bitcoin and other cryptocurrencies. 2. Fundamental Analysis
NASDAQ:RIOT
by andre_007
AUDUSD Short (based on potential rate increase)16/11/2022 | 04:34 The price of gold stabilized near a three-month high on Wednesday as signs of cooling U.S. inflation boosted bets for lower rate hikes as markets waited for more. clarity regarding reports of Russian missiles killing two people in Poland. = traders are betting on a rate cut, so gold goes up and the dollar goes down "Gold is still largely pinned on the Fed....We can see gold continuing to climb from last week's peak, but it hasn't really found a terrific follow-up," Ilya Spivak said. , currency strategist at DailyFX. = Gold peaks and enters a dwell zone waiting for the next meeting “Needless to say wild card type factors may exist, like some kind of more aggressive and more immediate escalation in Ukraine, you could see gold turn reactive.” = Gold remains sensitive to Ukrainian news Data released on Tuesday showed that U.S. producer prices rose less than expected in October, further evidence that inflation is beginning to subside. The data, which follows October's weaker-than-expected increase in consumer prices last week, bolstered hopes that the US Federal Reserve may slow its interest rate hikes going forward. = Fed may be tempted to cut rates, traders say However, Atlanta Fed President Raphael Bostic said he saw little evidence that aggressive monetary policy tightening was slowing inflation, predicting more hikes would be needed to bring inflation back down. Fed's 2% target. = Monetary policy makers stick to their guns despite the numbers While gold is used as a safe investment in times of political and financial uncertainty, rising interest rates tend to tarnish bullion's appeal, as the metal earns no interest. = If the Fed continues to raise rates, the dollar will rise again and gold will fall
Short
by thefrenchsniper
US CPI puts Riks-on In Play; Watch AUDUSD Bulls Inflation in the US came down last week which allowed stocks finally to rally while US yields and USD came down across the board. Speculators think that FED will slow down the hikes, but further move on some of the FX pairs will now depend on data outside of the US. We have UK and Canadian CPI this week, while the focus will be also on RBA meeting minutes. So these events can shake the FX markets a bit, but based on sentiment reading it looks like risk-on is here, at least for the next few days after a positive close on Friday on the US stock market. We see DAX trading at the highs so eur may also continue higher as recovery on DAX should resume after set-back. However, our focus for potential trade ideas can be on AUD or NZD as these two were quite strong since Thursday's US CPI data. JPY is also strong but move over extended, so there can be some pullbacks. I will focus on AUDUSD pullbacks
CME_MINI:ES1!
by ew-forecast
2
USDMXN is breaking the supportsUSDMXN remains bearish and it’s now in a sharp intraday decline aboutwe have been warning about in the past. We see pair now breaking the trendline support and its falling below the important 19.70 level. This may cause more more weakness as a higher degree bearish triangle can come to an end. In fact, MXN has been one of the strongest even when USD was up vs GBP, AUD and NOK. So if these are ready to gain, or at least make a pullback, then we think that USDMXN can easily come much lower. Check where USDMXN is despite DXY bull run in the last 12 months. A bearish HS pattern also signals for more weakness on USDMXN. Grega
by ew-forecast
Crude Oil Remains BullishHello traders, today we want to update our Crude oil chart compared to USDMXN currency pair from October 06. As you can see, Crude oil remains nicely bullish after we spotted a bullish reversal out of the wedge pattern. At the same time USDMXN pair is breaking out of bigger bearish wave B triangle pattern. Well, Crude oil is now trying to continue higher within wave C/3 at least up to 97-98 area for wave C if not even higher above 100 for wave 3. In the meantime USDMXN could easily stay in the downtrend within wave C with room even down to 18-17 area. What we want to say is that Crude oil can easily stay up, while USDMXN pair can face even more weakness, just be aware of short-term pullbacks. Trade well!
TVC:USOIL
by ew-forecast
USD/CHF (NFP INFO) According to my latest analysis, the upcoming Non-Farm Payroll (NFP) should be "Positive" with a small increase in MOM average hourly earnings, this will boost the USD and bring the gold down, and I hope you understand the correlation between CHF & GOLD (they move in the same pace) that's why watching the bigger picture the pair is in an uptrend, but in a couple of hours, there will be a decline in the price until the NFP report comes out. First, we will short the pair to 1.0042. 2nd, we start buying from entry point 1.0042 with TP 1.0145 (risk-reward 1:3) Good luck to all!
by EndlessPips
Ethereum/Bitcoin: Overview correlationEthereum look that has a bearish evolving in weekly timeframe, what it's a moment to sell Ethereum as Ethereum can to make a deep impact in front of U.S. Dollar in front of this bear market what crypto living today. Also, it's obviously that Bitcoin it's still bearish, one of the best strategy to accumulate Bitcoin using altcoin it's knowing the 3 key points: 1. U.S. Dollar value 2. Ethereum/Bitcoin or Altcoins/Bitcoin 3. Using Bitcoin dominance (to know when Bitcoin it's weak as strong in the trend) That it's a smart strategy that I ever learned throughout of my crypto-experience since 2018. So, there're a lot way to accumulate Bitcoin like making trading and find up consistent ROI, hold Bitcoin and using the old strategy that I know when we analyze altcoin in the strong dominance, that will be the case that they rise up in front of Bitcoin value. An also, you can to make trading in some crypto-broker that offer a lot instruments in the financial market like Forex, stocks, crypto or commodities and the benefit of them it's when we see a U.S. Dollar strong, a Bitcoin strong, an Ethereum strong, we could to change it for the convertibility to fiat to Bitcoin or Ethereum, or Bitcoin to Ethereum, and more. A good broker called Prime XBT offer it to trade this thing. But well, more later I will deepen this theme about Bitcoin and altcoins Technically, we see that Ethereum/Bitcoin look in this bearish side, as Ethereum look more weak in front of Bitcoin value, I hope a drop in the Ethereum in front of Bitcoin value that could to reach down toward 0.038 BTC in the next month, it's a good chance to buy Ethereum later to accumulate a lot quantity of Bitcoin or an smart strategy it's making trading and starting to buy Bitcoin now and find up a goal like 20% monthly and each month re-buy more Bitcoin and then successively. Because as right now Bitcoin and Ethereum down, later of this bear market, I look that Bitcoin could to take more influence in front of Ethereum and altcoins giving us a clue of what the dominance could stand up after that Bitcoin repeat the same cycle in 2019 when Bitcoin dominance climb and altcoin weak in front of Bitcoin value. But for that, its essential to know every situation of each altcoin as I prefer that Bitcoin goes climb and Ethereum still more weak in the next month, and also a fix target could be 0.023 BTC for Ethereum/Bitcoin. So guys, this it's a fundament and vital information if you want to know where to invest your own money later of this bear market. First starting to buy Bitcoin and accumulate Bitcoin and keep away of Altcoins for now and starting to accumulate Bitcoin for now and learn to make trading if you want to grow up your Bitcoin assets. Until the U.S. Dollar still more stronger, it's a way to apply it and change Bitcoin or Altcoins for Dollar when Bitcoin/Dollar may to weak and then, you must to re-buy Bitcoin in the deep and hold it. It's very hard to understand it, but if you have an ability, you can to get success in crypto-markets . I hope that this information support for you. A lot content like this will be created very soon!!! Keep update!!!
Short
by harisonhbn9718
1
CHFJPY to fallOn weekly timeframe, CHFJPY has reached an overbought zone (RSI), an intersection between upper channel and horizontal support. On lower timeframe, we've seen a big rejection recently, and then a correction upward : here we reach the 80~88% fib levels of the last rejection (D1), with a bearish engulfing pattern yesterday. This behavior can be a potential sell signal. If we follow correlation to compare currencies, we find more confirmation : USDJPY has reached very high levels too fast, becoming overextended, and JPY will probably start a correction soon, meanwhile USDCHF is retesting a daily resistance for the fourth time, giving bullish signals, not yet an overextended move. Goodluck, Joe.
Short
by joe-abdallah