Post
Topic
Board Speculation
Re: PnF TA
by
TPTB_need_war
on 08/08/2015, 18:39:12 UTC
BTC MUST NOT follow Gold and this seems NOT to be the case now...

I think they are roughly correlated in terms of general direction, so if you correlate them with smoothing filter, you get very high correlation.

But they are noisy in short-term and fall out of correlation.

Also BTC is apparently much more volatile than gold.

You are trying to focus in on much shorter-term moves in price action.

We may go up or down short-term, but over next months we are going much lower.