April 13 (Thu): Nikkei 225 vs Bitcoin (Course: Is Bitcoin Correlated?)

Good morning☀

I’m heading to the hospital again from this morning for my daughter’s rehabilitation, so I’m posting a bit earlier today.

Now, Bitcoin, which has been in the headlines for continuing to rise since the end of the year.

On Monday 4/10 it rose further, but…

Currently it is following the main scenario of the daily chart with the white arrows, isn’t it?

If you master Bollinger Bands, you can constrain price movements to some extent.

Understand the characteristics of Bollinger Bands well.

With just that, you can narrow down price movements.

However, in the world there are hardly any explanations that thoroughly cover the band shapes of Bollinger Bands, right?

It’s really a pity that so few people understand it…?

Bollinger Bands are an excellent indicator, arguably the best among auto-drawn indicators—truly a wonderful tool though~?

Back to the topic: Bitcoin.

It has been rising since the end of the year.

Those who use Bollinger Bands might have noticed,

please watch out for the △△ level of the 〇〇!

※We will provide a clear explanation for members with a question mark.

Before that, let’s look at the correlation between Bitcoin and the Nikkei 225 and NASDAQ.

Generally, all three assets seem to be in a [positive correlation], but

if you peer closely,there are points where they move in the opposite direction….

But a correlation is such that.

The turning points tend to appear at roughly similar positions,

but that does not mean the bottom and the top are perfectly aligned.

Sometimes the Russell 2000 moves first in a plunge,

sometimes they align perfectly.

They tend to move in roughly the same way, so please keep that in mind.

(※The following is limited to members.)