Connection: When Gold Rises, Will Bitcoin Fall? | Crypto Craft

  • Connection: When Gold Rises, Will Bitcoin Fall?

    From sunshineprofits.com

    What do the portents say? Well, we’ve been looking for connections between gold and bitcoin, and we see a chance to fatten the coffers. Read on. But first, let’s talk about gold and the miners. Yesterday’s session provided us with a perfect confirmation of the bearish case in the precious metals sector for the short term. The reason is that what happened was bearish in two ways: Nothing happened in gold Daily declines in mining stocks First, the decline in mining stocks. A price action following a confirmed breakdown was exactly what I expected to happen to both junior miners and senior miners. chart Senior ... (full story)

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Trader#E4AE
Aug 13, 2021 8:08pm
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This drives me insane -------------> correlation is not causation and mathematical modeling is not the same as data modeling (data modeling, rampant in "fundamental" analysis, is the core cause of the undependability of so-called "fundamental" themes (non of which has held so far this year) ----> intensive mathematics wrongly applied. Any one can fit a line into a scatter plot but that is does not imply a relationship or anything even at reads such as 99 r^2. These two assets are both chaotic systems underpinned by fractal structures. It is therefore totally irrational to think of them this way (and dangerous because of obvious pitfalls for investors). In any case Gold is not rising any time soon (i.e. after the immediate inversion high towards the 1800 handle. And it is just a positioning move to spike lower in a cyclic trend lower), e.g. circa [1885, 1550).

The Crow (-_-)
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