Bitcoin and Gold - The connection
Hello everyone! This is my first chart, so I hope you like it. There might have been other people that have already seen this, but I would like to give my view on this.
If someone takes a look on the last 1 year, he will notice that the bitcoin price followed a similar pattern to the one that gold had, with delay of 20-30days.
Also, in 2014 for about 215 days, they were almost entangled. In 2015, they had 5 opposite peaks and troughs.
I put vertical lines close to places where the prices of the two were either 'bottoming or topping' simultaneously, on either the same or different direction.
As some might have already noticed, these are probably due to major events in Cyprus, Greece etc.
If someone has any ideas on how to connect the two in a better way, in order to make better predictions, please let me know :)
If someone takes a look on the last 1 year, he will notice that the bitcoin price followed a similar pattern to the one that gold had, with delay of 20-30days.
Also, in 2014 for about 215 days, they were almost entangled. In 2015, they had 5 opposite peaks and troughs.
I put vertical lines close to places where the prices of the two were either 'bottoming or topping' simultaneously, on either the same or different direction.
As some might have already noticed, these are probably due to major events in Cyprus, Greece etc.
If someone has any ideas on how to connect the two in a better way, in order to make better predictions, please let me know :)
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