BTCUSD like XAUUSD and WTIUSD and others are all quoted in USD, in the form of XXXUSD. Because of USD devaluation they will likely all rise unless the underlying commodity, currency, financial instrument or derivative loses more value than USD.
It is simple math really. Like having 6 / 3 = 2.
For example if Gold (XAU) would be of value 6 and USD the value of 3 then XAU/USD equals to 6/3.
If USD devalues from 3 to a value of 2 then the equation becomes 6/2 and the outcome is 3. So when USD devalues the price of the pair goes up!
BTCUSD is a very volatile currency pair and I have placed a correlation index between BTCUSD and DXY below the chart. This allows you to roughly double check if BTC moves into the same direction as USD or opposite.
It just went into negative correlation with each other and with the NFP ahead and likely guaranteed volumes I am expecting USD to drop due to UJ seasonality and BTC to rally as a result of the USD seasonal events.
It is simple math really. Like having 6 / 3 = 2.
For example if Gold (XAU) would be of value 6 and USD the value of 3 then XAU/USD equals to 6/3.
If USD devalues from 3 to a value of 2 then the equation becomes 6/2 and the outcome is 3. So when USD devalues the price of the pair goes up!
BTCUSD is a very volatile currency pair and I have placed a correlation index between BTCUSD and DXY below the chart. This allows you to roughly double check if BTC moves into the same direction as USD or opposite.
It just went into negative correlation with each other and with the NFP ahead and likely guaranteed volumes I am expecting USD to drop due to UJ seasonality and BTC to rally as a result of the USD seasonal events.
Trade ativo:
NFP fuel into the market
Comentário:
Nice doji today
Comentário:
Anxious watching BTCUSD because it could also unfold into a total crash below $1000 like I predicted one year ago.
Comentário:
It's taking more time than I had anticipated at first, for the patient, I am still expecting some more bigger bullish moves to complete the full opportunity.
Trade fechado: objetivo atingido
