BTC looking at the RUBLE chart1 have 3 chart lines
top is the btc price
middle is the inverted RUBLE/USD chart
bottom is the BTC/RUBLE chart
Everybody is watching the BTC price but don't realize what has happened.
There is usually good opposite correlation between the DXY and BTC. (its like a mirror image) when DXY goes up, BTC goes down and when DXY goes down, a day later the BTC goes up... until a couple months ago. now they are not so related anymore.
When US put sanctions on Russia the price of their dollar the RUBLE dumped hard. since then the price not only recovered but it doubled.. but why
What I found is that since the start of the sanctions, the RUBLE has now been the opposite correlated currency that seems to predict the BTC movements. I think they are controlling the direction
If you see, I have INVERTED the middle chart which is the RUBLE/USD and paired it up with the bottom chart line which is BTC/RUBLE... almost identical.
While BTC has NOT broke that bullish trend to run up for a bull trap yet, the BTC/RUBLE and the RUBLE/USD inverted chart has
RUBUSD trade ideas
M for (M)aybe invading a sovereign nation wasnt such a good ideaJust made kind of a prediction yesterday since some friends were interested in the RUB hitting the floor
Original prediction made yesterday (3:42AM pacific time 28th)
And then looked at today (also the idea has this anyway).
Seemed pretty easy and I'm not sure where it will go from here or how far down it will go. It just depends on the war and any further sanctions, I guess. If it goes down like the Crimea timeframe, it should hit 0.
Did you know monopoly money has a value? Since there are a number of them in each box, and they cost paper to produce, they are worth some fraction of a USD. Possibly, it could be worth more than the ruble soon!!
Hope everyone stops this madness and people don't have to die.
Russian Ruble - Harasho Normalina First of all:
We Hate war. All people should and could live in Peace! May Peace happens fast. (Now if possible)
To the math:
Russian Ruble attached to Gold standard + Putin's 'Ruble for gas or no gas at all' rules = an EPIC recovery
To the chart:
Price of USDRUB on support and i personally expect this to reverse back up, in other words i see the Ruble leaving some gains behind next.
Volatility will be on as MAY 9 approaches and we don't know what to expect fundamentally. Will Putin make things worse on May 9 (Victory day)? Or will he call an end and pull out?
The first scenario might seem more likely but we could expect surprises.
In any case, no politics here..just PEACE you idiots!
One Love,
the FXPROFESSOR 🕊️
(Let the Crypto Unite You - Be traders, not Soldiers)
Synergy shortAs we can see, we are seeing a good synergy between fundamental and technical analysis. The dollar is go down, while oil is go up, these are positive signals for rise up the ruble (even if we skip a Credite Suisse research). Technically I drew a gartley, and you can also see a fractal fall similar to the one we saw in 2015-2016. And here I'm not talking about of breakout the local support line.
I anticipate a move down towards 66 (technical indicators show us this) for a set of longs.
However, do yourself due-diligence and good luck with that!
RUBUSD: - unexpected journey of the rubleA very ambiguous situation on the ruble - dollar cross pair, when the political background is not very stable, it is difficult to predict any further actions. On the one hand, growth to the average price corridors is possible, on the other hand, perhaps now we are seeing a price correction after a rapid fall and sales will continue soon.
Even indicators contradict each other, which is not a common situation.
If growth, then up to 0.01356, if it falls, then up to 0.01250.
Sincerely,
AJV