Hello Community,
I would like to share my very first idea here. It's probably more "food for thoughts".
To my idea:
This is a 15Minute Graph of Gold & Bitcoin
I recognized a correlation between Gold (and any other Big Metal) and Bitcoin.
I found this correlation actually at a much larger scale in a daily chart, but once I was "zooming" in the correlation got even more obvious.
My first observation brought me to the idea that money is beeing swapped between gold and bitcoin. But the fact that the approximate Market Cap of gold is somewhere around 7 Trillion USD makes this theory quite jabberwocky.
Anyway the correlation is there, but the reason must lie somewhere else. Maybe you have an idea?
Trade safe!
K
I would like to share my very first idea here. It's probably more "food for thoughts".
To my idea:
This is a 15Minute Graph of Gold & Bitcoin
I recognized a correlation between Gold (and any other Big Metal) and Bitcoin.
I found this correlation actually at a much larger scale in a daily chart, but once I was "zooming" in the correlation got even more obvious.
My first observation brought me to the idea that money is beeing swapped between gold and bitcoin. But the fact that the approximate Market Cap of gold is somewhere around 7 Trillion USD makes this theory quite jabberwocky.
Anyway the correlation is there, but the reason must lie somewhere else. Maybe you have an idea?
Trade safe!
K
Komentar:
Any Idea why the charts are screwed up once you load new bars?