Post
Topic
Board Speculation
Re: PnF TA
by
klee
on 08/08/2015, 18:41:08 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.
Basically I am sure now that they will both crash hard as MA predicts for almost everything else (medium-long term). Language barrier from my side to express accurately in the post you quoted..

EDIT: A countertrend rally up to 290 is still possible.