Hello Everyone,
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
No they aren't correlated!
There might be lots of talks and sayings that Bitcoin and Gold are just having some similarities but when it comes to market then they are different.
When it comes to that observation of yours then its just pure coincidence just like when you do trade up with other fiat currencies with other ones
where there's always some bias when it comes to price.
Don't try to correlate them and basing up into their price differences.
Actually, I m not going to connect them. They haven't any inter connection between them. I m talking about the price changes when whales are moving between BTC and Gold.
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