|
| | | For most of bitcoin's existence, there hasn't been much of a price relationship to gold, as its coefficient of correlation is a fairly weak 0.5 over that period. However, during both bitcoin's speculative collapse in 2018 and its rebound in 2019, the cryptocurrency almost served as a leading indicator for gold's price movements, predating them by as much as four months. | | | | |
| |
| | | In each instance of alignment, the rationale was relatively clear, as both had a corresponding geopolitical event. First, there was the bitcoin bubble pop and initiation of the US-China trade war from December 2017 to February 2018. Then, the trade war escalation and market selloff in late 2018. If we apply that same logic to 2020, we should see a similar alignment on both the COVID-driven market selloff, and the speculative rebound. | | | | | | | | Investing Breakout | | | | |
| | 3 options trades that work…
| Chief trading instructor shares his powerful strategies in this brand new guide... Grab your copy here!
| | | |
| |
| | | There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Investing Breakout and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles, videos and all other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. By signing up for Investing Breakout your information may be shared with our educational partners. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of Investing Breakout may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. | | | | |
This email was sent to phanhoa1821960.trader@blogger.com by Investing Breakout
No comments:
Post a Comment