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Inversecorrelation

What's Holding Back Bitcoin and all of CRYPTO?!Bitcoin right now, is down bad. we broke below 2017 all time high, and getting close to 2019 all time high. Thinking long term, bitcoin is at a discount right now, however I personally think we can go lower. I've noticed, DXY does have a INVERSE CORRELATION to BTC. This suggests that when the US Dollar strengthens, Bitcoin weakens & vice versa. Notice DXY started to fall from its 2018 trend, curious, what happen to cause this? May I remind you "COVID-19" outbreak happened in January of 2020. Since then to put in plain words, we saw a huge wealth transfer. Now looking at present times, we see DXY on a uptrend, and BTC on a downtrend. IMO we wont see a bull-run till DXY crashes again. It's safe to say, INDEX:BTCUSD we could be DCA'ing below 14.5k region and more under 13k region. We also can see we had a Rising Wedge Formation acting as a bearish continuation signal. This can also give us an idea how much lower we could expect before things turn around. Be patient my friends, Stay busy and be 1% better in life, everyday.
INDEX:BTCUSDLong
by Zeze_Izquierdo
Gold vs oil . 17h45 Units numbers per product.It looks to me , that i should go for 1 Gold and 10 oil somehow. Broadly speaking, you could say that gold and petroleum are inversely correlated. One of the factors is that gold prices tend to lead moves in market sentiment, while oil price tends to follow economic growth. This is because, for example, investors will sell their gold in anticipation of the markets performing better. But, when the economy grows, demand for oil increases, meaning the price hike comes after the economy is already growing. www.cmegroup.com
OANDA:WTICOUSD
by DORMAN5
BTC Dominance as proxy for altcoin sentiment - XRP USD ExampleOne of the most useful relationships I've found is between altcoins like BITFINEX:XRPUSD and Bitcoin Dominance CRYPTOCAP:BTC.D This is just a comparison of XRP/USD vs. BTC Dominance, but you can see this inverse correlation play out across the vast majority of heavily traded altcoins. And if you set your alts vs. btc instead of alts vs. USD, the correlation shows up even clearer. This can turn the question from 'When will Ripple go up?" or "When will X altcoin go up?" to "When will BTC Dominance break down?" BTC dominance as an excellenet proxy for altcoin sentiment. Want to learn the basics of technical analysis, risk management, and the fundamental principles of profitable trading? Check out our Level 1 course. Giving it away for free right now for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money. Use discount code 'Tradingview' - learn more and get a free course preview here education.truebinary.io
BITSTAMP:XRPUSD
by bitflip01
2
remember the other forks of btc dark bch bchsv btg and prob morethese things at time had inverse relations ships with btc as well as have very strong trends when not in consolidation patterns I ve tried to get in BCHSV at what i thought were bottoms which faild been stopped out of a long trade for 200% percent to the upside 3 times maybe 4 but dont think that means that it wont happen thats its just not happening think for prospective bch in the bull run when bch went from 200 to 2k in a few weeks... it showed strong opposite correlation of btc which bchsv is starting to show again
BLong
by Playj
1
Sum of the American indices divided by the price of bitcoinI've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so between the stock market and bitcoin. I believe it's going to get A LOT more obvious by the end of the year. Things to note: 1) Bearish divergence from August of 2017 to late last year (purple) 2) The key resistance at 10.5 3) The yellow line goes back as far as 2011, and it matches perfectly with the medium-term .786 retracement level. I expect it's headed there or lower by the end of 2019 4) The daily MACD is far from looking good 5) The medium-term .382 retracement is likely to be a very key level as well, due to the extra support provided by the medium-term uptrend If you're bullish on the American stock market or bearish on bitcoin, I can't suggest enough that you look at charts like this and perform your own analysis on them. At the very least, they give me a much better idea of what's really going on and I've used them so many times as tools to make accurate short-term predictions on twitter and YouTube, such as my last "stubbornly bullish AF on BTC" one from February 6. If you don't yet know how, see my latest update to my related idea, "Average price of bitcoin against the American stock market." I give a few formulas you can type into the top left box in the tradingview window. This is one of them. This is a very dangerous time to be taking positions, period. But the risk:reward is DEFINITELY so much better in crypto. P.S. On my 24/7 "Not Financial Advice" crypto livestream(YouTube, twitch, and Mixer), bitcoin just touched the bottom of the 2H ichimoku cloud that I've been stressing the importance of for months. Then it went right back up above the medium term .618 retracement I've been watching for months. I'm about to explode with contrarian bullishness.
TVC:NDQShort
by tomtourettes
6