By now we all know about the inverse correlation of the DXY and #Bitcoin
But what if I told you that the signal that called for every Bull Market Parabola without fail just flashed?
Well it did, this is the correlation coefficient of DXY and Bitcoin on the Weekly time frame
1. The first low correlation move is an early bear market end signal (purple)
2. The Second is the bear market bottom (red)
3. The next move into low correlation starts a parabola (green)
No point worrying over the short term with this signal looming!
I will be covering this in depth today in my first ever Data Bites post in the Bitcoin Data Newsletter, which is free!
Visit my profile to get it sent straight to you
But what if I told you that the signal that called for every Bull Market Parabola without fail just flashed?
Well it did, this is the correlation coefficient of DXY and Bitcoin on the Weekly time frame
1. The first low correlation move is an early bear market end signal (purple)
2. The Second is the bear market bottom (red)
3. The next move into low correlation starts a parabola (green)
No point worrying over the short term with this signal looming!
I will be covering this in depth today in my first ever Data Bites post in the Bitcoin Data Newsletter, which is free!
Visit my profile to get it sent straight to you