Check this out. Here we have an inverted DXY chart overlayed with Bitcoin. Both of these are on a logarithmic scale, using a 90 period correlation coefficient. Weekly chart helped me with intraday volatility and using longer period lengths helped paint a clearer picture for the overall trend. I believe the US Dollar is nearing it's 4.236 fib which is hovering around $101.50.
With that, I am working on a theory that whenever the correlation coefficient between these two number has started to show a positive correlation -- that we've gotten cycle resets from Bitcoin -- around that same time.
I am bullish on Bitcoin in the coming months and years, and would love to further develop this chart if anyone would care to assist!
Twitter: arejay_flores - Feel free to reach out!
With that, I am working on a theory that whenever the correlation coefficient between these two number has started to show a positive correlation -- that we've gotten cycle resets from Bitcoin -- around that same time.
I am bullish on Bitcoin in the coming months and years, and would love to further develop this chart if anyone would care to assist!
Twitter: arejay_flores - Feel free to reach out!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.