Bitcoingold
BITE FROM BITCIONOK GUYS, GALS AND PALS. BITCOIN PROBABLY MAY MAKE SOME NEW HIGH BUT VERY LIMITED AS THE RED RESISTANCE LINE IS IN PLAY. BUT ALSO HAS SOME GOOD UPSIDE POTENTIAL. PROBABLY IN A ZONE TO BUY FOR SHORT TEMR HOLD AND SELL IT DEPENDING ON SITUATION PROBABLY LAT OF THIS YEAR OR EALY NEXT YEAR AND GO FOR SHORT SIDE ONCE THEY BREAK THE 1ST GREEN SUPPORT LINE AND SHOWS WEAKNESS IN THE MARKET.
Bitcoin and Gold - The connectionHello everyone! This is my first chart, so I hope you like it. There might have been other people that have already seen this, but I would like to give my view on this.
If someone takes a look on the last 1 year, he will notice that the bitcoin price followed a similar pattern to the one that gold had, with delay of 20-30days.
Also, in 2014 for about 215 days, they were almost entangled. In 2015, they had 5 opposite peaks and troughs.
I put vertical lines close to places where the prices of the two were either 'bottoming or topping' simultaneously, on either the same or different direction.
As some might have already noticed, these are probably due to major events in Cyprus, Greece etc.
If someone has any ideas on how to connect the two in a better way, in order to make better predictions, please let me know :)
Bitcoin gold correlation and cointegrationThe relationship bitcoin-gold is not exactly inverse, however, and there are times when both gold and the price of bitcoin rise or fall simultaneously. This charts summarizes the historic bitcoin correlation against gold price. In a nut shell it provides an logarithmic bitcoin price perspective to a gold static correlation value. Read more www.bitcoinprice.mobi