USD/JPY: inverse correlations with GoldI am sharing these findings just for my personal use to have a record of them and see how moves unfold.
It doesn't mean anything on its own.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Correlations
ZIV VS. Bitcoin Price (Bitstamp) VelocityShares Daily Inverse VIX Medium-Term ETN* (Ticker: ZIV) VS. Bitcoin Price (Bitstamp)
Nice correlation between ZIV and Bitcoin price since 2013.
*The VelocityShares Daily Inverse VIX Medium-Term ETN provides daily inverse exposure to an index that tracks the price performance of futures contracts on the VIX with an average maturity of 5 months.
STRBTC LOOKING SAUCY FOR A SHORTThought i'd share a short on STRBTC i'm making- for the sake my own journalling of trades, and because I see good potential profit so why not share :)
Quite a complicated looking chart.
The H&S concept seems unusual, but the psychology behind a H&S still applies- the upward trend line STRBTC has been adhering to is the neckline.
The buy/sell volume has been pretty evenly split.
Fib levels are being used for targets/key areas.
XRP & STR are correlated and almost always have been.
Although i'm long-term bullish on XRP, it has been inversely-correlated to BTC, and I see BTC having a third run with fundamental news such as CME derivative markets for BTC etc.
Therefore, I think BTC's run will trigger STR to fall.
CONFIRMATIONS // ENTRY SIGNALS:
1H Candle close below 50H EMA
Bearish MACD
RSI lower highs