Remarkable BTCUSD <> Gold correlation

How remarkable this new currency, Bitcoin, has found it's way likely to be classified as world reserve currency safe haven next to most precious and traded commodity Gold.

Added EUR and USD equally weighted relative strength comparison and as you can see EUR, the second world reserve, correlates with the two as well.

Looking forward to see future data..

Zlecenie aktywne:

Gold, BTCUSD & EURUSD long positions once USD rolls over

Komentarz:

Seems to be heading towards this. Look at correlation on the weekly, aiming to remain positive..

Komentarz:

Easier to read with EUR and USD removed from the chart