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Inverse

Inverse relationship between DXY and BTCUSD coinbaseI'm a rookie at this but i have noted from several you tubers an inverse relationship between BTC and DXY (dollar index) as well as gold and silver with DXY. When playing with the chart and 1 hr candle sticks, i had DXY charted and then added BTCUSD from coinbase to compare. I zoomed in and out a bit but this pattern with about last 10 days shows interesting pattern. Since im a bit new, is this too specific of parameters or is this an indication of a good short term signal? If this pattern is good indication, seems like a good time to go long on BTC? Thanks all.
TVC:DXYLong
by krayzie29
4
DXY vs. BTC Inverse correlation. BTC short setup for correctionAlong with many other indications that we may be due for bitcoin correction. He is a dollar btc comparison. With dollar nearing major support and BTC at resistance and looking like it might cool off. It is possible we have an inverse move to each other in the near or short term. Targets for that are not exactly as where the arrows point at on the chart. and might be any of those levels if it were to play out within this month.
TVC:DXYShort
by Gunslinger2005
WES - Potential Inverse H+S - $9.00 TargetQuick pattern update here. WES appears to have an Inverse H+S pattern forming on the lower timeframe. A clean break from the pattern would target the $9.30 range, setting a conservative exit, with a close below the purported right shoulder would minimize potential for losses. WES has been one on my list for a while lately and I recently closed a position for over 170% gain. The news surrounding oil prices is negative, however WES is a refiner not a producer, so WES, if anything would have benefited (in the short-term) with the negative May contract prices. I may look to do a more detailed write up on WES in the coming day or so, concerning position details. -TradingEdge
NYSE:WESLong
by Profit_Link
2
How I Knew SPY Is Gonna Drop Today (VIX Magic!)Hi traders, yes yes, the title is a little bit click-baity, but to be honest, SPY down was about an 80% probability for me today. Now to be fair, I've been expecting this move lower for over a week now, so plenty of factors surely played their roles, but as soon as I saw VIX close out in a 1-2-3 Low formation yesterday (Monday), I had that final confirmation today is the day. For beginners, VIX is what traders call a "Fear Index". Put plainly it takes into consideration markets' volatility, options volume ratios (whether there are more than usual people hedging) and gauges a "level of panic" traders are currently showing with their actions. Its history is shown in the chart and therefore we can look for our standard patterns! Being inverted (High VIX values mean more fear and likelihood of markets crashing), a bottoming pattern such as 1-2-3 Low which appeared yesterday signalizes possible SPY reversal down. And that's it! Hope you learned something and be safe. Tom | FINEIGHT
AMEX:SPYShort
by Fineight
2