Eur/Aud Buy 1.5113 Stop-loss 1.5077 Take Profit 1.5240
Gbp/Aud Buy 2.1343 SL 2.1307 TP 2.1443; 2.1495;
DAX: Sell 11275 SL 11305 TP 11210; 11100; 10900
Buy 11546 SL 11518 TP 11600; 11645; 11750
Oil: Sell 47.71 SL 48.03 TP 46.80; 45.70
Btc/Usd Sell 286 SL 300 TP 276
Buy 300 SL 286 TP 310; 315
Eur/Usd no valid sell signal=> no trade
Nzd/Usd no trade
Gbp/Nzd no trade
Usd/Cad 2x buy SL hit -74 pips, TP1 hit +74 pips, Total= 0 pips
DAX 2x buy SL hit -46 pips
sell TP3 hit +240 pips, max possible +365 pips, Total= +194 pips
Oil 2x sell SL hit -64 pips, TP2 hit +230 pips, max possible +237 pips. Total= +166 pips
Btc/Usd buy trade opened, +800 pips so far
Eur/Usd Sell 1.0822 Stop-loss 1.0858 Take Profit 1.0760, 1.0670, 1.0565
Nzd/Usd Sell 0.6497 SL 0.6533 TP 0.6420, 0.6350
Gbp/Nzd Buy 1.3985 SL 1.3946 TP 1.4200, 1.4250
Usd/Cad Buy 1.3011 SL 1.2974 TP 1.3085, 1.3130, 1.3170
DAX Buy 11766 SL 11743 TP 11870, 12000, 12100, 12200
Sell 11645 SL 11668 TP 11545, 11500, 11405
Oil Sell 50.10 SL 50.42 TP 48.60, 47.80
Btc/Usd Sell 275 SL 284 TP 265, 255
Buy 284 SL 274 TP 294
Nzd/jpy buy SL hit -35 pips (other two signals not valid)
Eur/aud no trade
Gbp/jpy buy PT2 hit +250 pips, max possible 350 pips
DAX buy PT2 hit +225 pips, max possible 383 pips
Oil sell SL hit 3x = -108 pips; sell PT1 hit +128 pips; total +20 pips
Btc/usd sell PT3 hit +1550 pips, max possible 1950 pips
It is always good to see a bigger picture in a speculation or in life generally. So I’ve opened a currency index charts and wanted to know how and if they correlate to Btc/usd pair. Here is what I’ve found out:
1, From cca a half of 2013 there seems to appear a clear anticorrelation between Btc/usd and Usd index (the black line) or putting it other way Bitcoin hates the US dollar. That’s hardly any new information as it’s expected, though until 2013 both moved in a similar way.
The main reason why the split had happened in my view is that Bitcoin started to behave as a „standard“ financial instrument as more and more speculators/investors rushed into trading and using traditional „risk on vs. risk off“ aproach. So what that all means? Because both hate each other they keep selves at some distance, when they are too far it means approaching move is going to happen sooner or later with high probability.
On the other hand when they are both too close to each other you can expect an explosive move either as a bounce off or a cross over. Both currencies now stand in a quite far distance so clearly Bitcoin’s rise and the dollar’s fall is in the cards and it’s just a question of time.
2, The closest correlation appears to be unsurprisingly between Bitcoin and commodity currencies, especially the Australian and Canadian dollar (the brown and green line). There is a fair distance right now between them so will Bitcoin fall or Aud/Cad rise? The Aussie and the Loonie do not look like they are hitting a bottom right in the moment.
3, And the final observation: Look at that pink line, it is the Japanese yen. It seems every time Bitcoin is falling down in a free fall yen serves as a support barrier.
Just my 0.5 cent, do not make any exorbitant conclusions out of it. These are only some charts and statistics of the past.
You must be logged in to post a comment.