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  • #1,166,781
  • Apr 19, 2020 9:43am Apr 19, 2020 9:43am
Quoting here2there
{quote} Actually, the people who keep whining about me talking about BTCUSD being negatively correlated to EURUSD are the ones who are being annoying.
Dude, there is no correlation between bitcoin and the eurusd.

There may be at some point if you look at the specific hour or so...who knows

But doing a strategy based on a correlation between btc and eu is wrong
COT: The precious data ignored
  • #1,166,782
  • Apr 19, 2020 9:49am Apr 19, 2020 9:49am
Quoting here2there
{quote} I did not say it is correlated but negatively correlated. And you can't just pull up a single chart to know this.
I did not say positive or negative correlated. I said there is no correlation between bitcoins, cryptos and currencies at all. There is no correlation between EURUSD and bitcoins, negative or positive. No correlation all together. Yes that is the chart comparing EURUSD and BTC USD on a a daily chart. Just looking from that you can see that there is no correlation positive or negative. Not sure what are you talking about, but there is no correlation between those two.

What is Bitcoin correlated to?
Bitcoin price charts reveal an inverse correlation to the S&P 500 index over the past two years at times, and particularly during summer 2019. In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets.
  • #1,166,783
  • Apr 19, 2020 9:50am Apr 19, 2020 9:50am
Quoting kuroro001
{quote} Dude, there is no correlation between bitcoin and the eurusd. There may be at some point if you look at the specific hour or so...who knows But doing a strategy based on a correlation between btc and eu is wrong
It seems to me you don't fully understand the concept of correlation and negative correlation. If you do, then you should stop using the word 'correlation' when I have clearly said 'negative correlation'. There is a difference, and that difference must be noted to avoid creating confusion.

Now, is the negative correlation strong? No. But it is enough to make it worth paying attention to in my opinion. If you see no value in this, then that's Ok. But I do.
Learn from your mistakes and march on.
  • #1,166,784
  • Apr 19, 2020 9:53am Apr 19, 2020 9:53am
Quoting here2there
{quote} It seems to me you don't fully understand the concept of correlation and negative correlation. If you do, then you should stop using the word 'correlation' when I have clearly said 'negative correlation'. There is a difference, and that difference must be noted to avoid creating confusion. Now, is the negative correlation strong? No. But it is enough to make it worth paying attention to in my opinion. If you see no value in this, then that's Ok. But I do.
Not picking on you, but you need to work better on those values. There is no correlation between EURUSD and BTCUSD, positive and negative. None, zero, it is not there.

Here it is some correlation between BTCUSD and S&P500
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD.png Size: 99 KB
  • #1,166,785
  • Apr 19, 2020 9:57am Apr 19, 2020 9:57am
Quoting Techanalyst
{quote} I did not say positive or negative correlated. I said there is no correlation between bitcoins, cryptos and currencies at all. There is no correlation between EURUSD and bitcoins, negative or positive. No correlation all together. Yes that is the chart comparing EURUSD and BTC USD on a a daily chart. Just looking from that you can see that there is no correlation positive or negative. Not sure what are you talking about, but there is no correlation between those two. What is Bitcoin correlated to? Bitcoin price charts reveal an inverse correlation...
Of course there is. Just because you don't see it doesn't mean it isn't there.

Again, you can't just pull up a single chart like that and make a conclusion. You have to take a closer look using multiple time frames.

There is way too much knit picking in this thread! Especially when it comes to people addressing ideas I share. I can tear many of the ideas posted in here apart if I wanted to, but I choose not to, because I don't want to give people a hard time. It would be nice if people in here would show me the same courtesy.
Learn from your mistakes and march on.
  • #1,166,786
  • Apr 19, 2020 9:59am Apr 19, 2020 9:59am
Quoting Techanalyst
{quote} I did not say positive or negative correlated. I said there is no correlation between bitcoins, cryptos and currencies at all. There is no correlation between EURUSD and bitcoins, negative or positive. No correlation all together. Yes that is the chart comparing EURUSD and BTC USD on a a daily chart. Just looking from that you can see that there is no correlation positive or negative. Not sure what are you talking about, but there is no correlation between those two. What is Bitcoin correlated to? Bitcoin price charts reveal an inverse correlation...
you cant say there is no correlation. there has been period which correlation coeff was between 0.5 to 0.7 (moderate correlation as the range is between +1.0 to -1.0) between BTCUSD and DXY. right now its negative 0.39 on daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: bitcoin and dxy.PNG Size: 126 KB
  • #1,166,787
  • Apr 19, 2020 10:00am Apr 19, 2020 10:00am
Quoting here2there
{quote} Of course there is. Just because you don't see it doesn't mean it isn't there. Again, you can't just pull up a single chart like that and make a conclusion. You have to take a closer look using multiple time frames. There is way too much knit picking in this thread! Especially when it comes to people addressing ideas I share. I can tear many of the ideas posted in here apart if I wanted to, but I choose not to, because I don't want to give people a hard time. It would be nice if people in here would show me the same courtesy.
I will not stretch this as it makes no sense. There is no correlation between EURUSD and bitcoin. Trade safe.
  • #1,166,788
  • Apr 19, 2020 10:00am Apr 19, 2020 10:00am
Quoting shahab8b
{quote} you cant say there is no correlation. there has been period which correlation coeff was between 0.5 to 0.7 between BTCUSD and DXY. right now its negative 0.4 on daily chart {image}
I was comparing EURUSD not DXY. Pay attention to what I wrote and shared. Not seeing any correlation on DXY either.
Attached Image (click to enlarge)
Click to Enlarge Name: DXY.png Size: 83 KB
  • #1,166,789
  • Apr 19, 2020 10:01am Apr 19, 2020 10:01am
Quoting here2there
{quote} It seems to me you don't fully understand the concept of correlation and negative correlation. If you do, then you should stop using the word 'correlation' when I have clearly said 'negative correlation'. There is a difference, and that difference must be noted to avoid creating confusion. Now, is the negative correlation strong? No. But it is enough to make it worth paying attention to in my opinion. If you see no value in this, then that's Ok. But I do.
To have studied mathematics i do understand correlation

Hope you understand that correlation means there is a "link" between the move of one asset to another

Positive = both move the same way
Negative = they move different way

And the current correlation (looking at 4 years) is -8,3%. Correlation is negative but WEAK (near 0) meaning no correlation

If you do use BTC to trade EU, and if it works for you, then its perfect.

Hope its more clear now
COT: The precious data ignored
  • #1,166,790
  • Apr 19, 2020 10:04am Apr 19, 2020 10:04am
Quoting kuroro001
{quote} To have studied mathematics i do understand correlation Hope you understand that correlation means there is a "link" between the move of one asset to another Positive = both move the same way Negative = they move different way And the current correlation (looking at 4 years) is -8,3%. Correlation is negative but WEAK (near 0) meaning no correlation If you do use BTC to trade EU, and if it works for you, then its perfect. Hope its more clear now
How can he use it, how can it work when it is not there period...
  • #1,166,791
  • Apr 19, 2020 10:07am Apr 19, 2020 10:07am
Quoting Techanalyst
{quote} I was comparing EURUSD not DXY. Pay attention to what I wrote and shared. Not seeing any correlation on DXY either. {image}
there you go (btcusd and dxy)

you dont see any correlation? sorry but this is a statisticl calculation. you can ignore the science but you can always check correlation coeff using simple tools.
Attached Image (click to enlarge)
Click to Enlarge Name: bitcoin and eurusd correlation.PNG Size: 99 KB
  • #1,166,792
  • Apr 19, 2020 10:09am Apr 19, 2020 10:09am
Quoting kuroro001
{quote} To have studied mathematics i do understand correlation Hope you understand that correlation means there is a "link" between the move of one asset to another Positive = both move the same way Negative = they move different way And the current correlation (looking at 4 years) is -8,3%. Correlation is negative but WEAK (near 0) meaning no correlation If you do use BTC to trade EU, and if it works for you, then its perfect. Hope its more clear now
the correlation coeff changes depending on your time frame and the number of bars used in calculation. you can always play around with numbers
  • #1,166,793
  • Apr 19, 2020 10:09am Apr 19, 2020 10:09am
Quoting shahab8b
{quote} there you go (btcusd and dxy) you dont see any correlation? sorry but this is a statisticl calculation. you can ignore the science but you can always check correlation coeff using simple tools. {image}
No correlation between BTC and currencies.
  • #1,166,794
  • Apr 19, 2020 10:09am Apr 19, 2020 10:09am
Quoting kuroro001
{quote} To have studied mathematics i do understand correlation Hope you understand that correlation means there is a "link" between the move of one asset to another Positive = both move the same way Negative = they move different way And the current correlation (looking at 4 years) is -8,3%. Correlation is negative but WEAK (near 0) meaning no correlation If you do use BTC to trade EU, and if it works for you, then its perfect. Hope its more clear now
When it comes to trading, you should know that negative correlation can change to positive correlation over time, and vice versa. Also, I already mentioned the negative correlation isn't strong, but it is worth paying attention to in my opinion. One would have to follow it closely to see the value in this. I wouldn't expect you to do that, because I know you have a very strong disliking towards BTC. I can relate to your feelings there. But I am not going to ignore the information just because BTC annoys me.
Learn from your mistakes and march on.
  • #1,166,795
  • Apr 19, 2020 10:10am Apr 19, 2020 10:10am
Quoting shahab8b
{quote} there you go (btcusd and dxy) you dont see any correlation? sorry but this is a statisticl calculation. you can ignore the science but you can always check correlation coeff using simple tools. {image}
So lets say 0,5. So 50% of chance to have dxy rising when btc does. Its like a coin tossing then

But if it works for the people, so be it

No need to argue about it
COT: The precious data ignored
  • #1,166,796
  • Apr 19, 2020 10:12am Apr 19, 2020 10:12am
Quoting kuroro001
{quote} So lets say 0,5. So 50% of chance to have dxy rising when btc does. Its like a coin tossing then But if it works for the people, so be it No need to argue about it
You have a strong argument, and you are right. It is like a coin toss, and does not make sense basing trading analysis between BTC and currencies when it is like a coin toss. Either way no correlation between those and it is a waste of time, trying to analyze it.
  • #1,166,797
  • Apr 19, 2020 10:12am Apr 19, 2020 10:12am
Quoting kuroro001
{quote} So lets say 0,5. So 50% of chance to have dxy rising when btc does. Its like a coin tossing then But if it works for the people, so be it No need to argue about it
I'm not arguing. but people have to educate themselves before expressing strong opinions. If someone refers to correlation, there is an equation that can give you the exact number. a good corrlelation is above 0.7 or -0.7 (for negative ones)
  • #1,166,798
  • Apr 19, 2020 10:15am Apr 19, 2020 10:15am
Quoting shahab8b
{quote} I'm not arguing. but people have to educate themselves before expressing strong opinions. If someone refers to correlation, there is an equation that can give you the exact number. a good corrlelation is above 0.7 or -0.7 (for negative ones)
You are playing on the words then. We talk about strong correlation since the beginning dude.

I would prefer and look at correlation above 80%. Bu its up to any traders to choose its poison
COT: The precious data ignored
  • #1,166,799
  • Apr 19, 2020 10:16am Apr 19, 2020 10:16am
Quoting shahab8b
{quote} I'm not arguing. but people have to educate themselves before expressing strong opinions. If someone refers to correlation, there is an equation that can give you the exact number. a good corrlelation is above 0.7 or -0.7 (for negative ones)
Maybe you need to educate yourself before posting arguments that don't make sense. BTC does not correlate with currencies positive and negative, there is your education. You learned something new today.
  • #1,166,800
  • Apr 19, 2020 10:27am Apr 19, 2020 10:27am
Quoting Techanalyst
{quote} Maybe you need to educate yourself before posting arguments that don't make sense. BTC does not correlate with currencies positive and negative, there is your education. You learned something new today.
you got problem dude. have a good day
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