What correlation is there between Gold and BTC.
Hello everyone
As you all know some charts have very near correlation to each other and some do not. I do not want to compare their correlation in a long time history but I just tried to alert you they that they are following their movements with a time lag (just in this rally) so do not make it as a rule.
I do not rely my strategies and entry points on the correlation of chart but it is really good that we have a range of possibilities in our mind.
What is important for these 2 charts is that both of them in a rally that is valid and in progress and they are only experiencing some Fibo dependent corrections.
Gold and BTC is in RALY.
Thanks
As you all know some charts have very near correlation to each other and some do not. I do not want to compare their correlation in a long time history but I just tried to alert you they that they are following their movements with a time lag (just in this rally) so do not make it as a rule.
I do not rely my strategies and entry points on the correlation of chart but it is really good that we have a range of possibilities in our mind.
What is important for these 2 charts is that both of them in a rally that is valid and in progress and they are only experiencing some Fibo dependent corrections.
Gold and BTC is in RALY.
Thanks
AMA