BTC vs Copper/Gold

25 de out. de 2021

Dr. Copper and particularly copper/gold has been a powerful economic indicator for market stages and cycles. While having a low correlation with many assets, BTC is not immune to the pressure that copper/gold exert on the markets. BTC had a high correlation at times of peaks:

2013
BTC peaked -
Copper/Gold peaked -

2017
BTC peaked -
Copper/Gold peaked -

2019
BTC peaked -
Copper/Gold peaked -

2021
BTC peaked -
Copper/Gold peaked -

BTC can of course move on its own and 2019 might be the best testament of that. However, if BTC is correlated to Copper/Gold, it could be headed down. Copper Gold shows the following currently:

1 month

• Price
  Stoch RSI
  LMACD
  Keltner Channel
  

1 week
Price
Stoch RSI
LMACD
Keltner Channel

1 day
Price
Stoch RSI
LMACD
Keltner Channel