Do NOT go past this post.
Aktualisiert
For the most part, no one understands an ounce of economics. So this post should benefit the general community of TradingView.
The Crypto-currency market is not a rogue, gravity-defying circus act.
The Crypto-currency market is a sub-sector of technology, which is the most dominant driver of GDP for the United States, and the entire planet.
For this reason, the Crypto-currency market tracks US indices, especially technology indices and major technology companies that are heavily diversified, such as Apple, Microsoft, IBM... and the list goes on. The crypto-currency market grows as the technology sector grows, but it happens in more extreme leaps and bounds. We can prove this as the correlation coefficient between the US indices and the Crypto-currency indices averages well above 0.75 and almost always above zero.
This is a significant and undeniable correlation.
Now, notice the strong movement of US indices to all-time highs. This divergence is a trading opportunity.
Also, please like and share as this needs to be better understood by the crypto-currency community.
The Crypto-currency market is not a rogue, gravity-defying circus act.
The Crypto-currency market is a sub-sector of technology, which is the most dominant driver of GDP for the United States, and the entire planet.
For this reason, the Crypto-currency market tracks US indices, especially technology indices and major technology companies that are heavily diversified, such as Apple, Microsoft, IBM... and the list goes on. The crypto-currency market grows as the technology sector grows, but it happens in more extreme leaps and bounds. We can prove this as the correlation coefficient between the US indices and the Crypto-currency indices averages well above 0.75 and almost always above zero.
This is a significant and undeniable correlation.
Now, notice the strong movement of US indices to all-time highs. This divergence is a trading opportunity.
Also, please like and share as this needs to be better understood by the crypto-currency community.
Anmerkung
As indicated, this was inevitable.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
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