BTCUSD vs JPY vs USD

Quick observation in an attempt to visualize how complex cause and effect with currency markets has become over the years.

Now that crypto currencies can be purchased using multiple fiat currencies it is getting less obvious for USD strength measured across major pairs to correlate negative with BTCUSD.

This can be explained in an almost infinite number of ways because of the rising number of pairs one can engage in trading BTC imho.

Personally earlier I thought to have noticed that when USD would lose strength against major pairs speculators would flock to BTCUSD as a part of their safe haven portfolio. JPY, CHF, Gold amongst many others used be one of the safe havens as well.

While trading BTC and fiat major pairs for a while I also noticed a negative correlation between JPY and BTCUSD, as plotted out in this chart.

Time has always been a key input variable or on larger scale seasons if you like. Early July I expect USD to possibly show more weakness, stretching out to mid November, while marking its return early December.

Meanwhile we may see BTCUSD appreciate during this period towards December, specifically when JPY and USD are depreciating both at the same time. To keep an eye on this.

Happy trading!

评论:

When both USD and JPY are appreciated, BTC is no longer used as safe haven and depreciates..