Here's Why Bitcoin Is Going Higher

JC Parets
March 24, 2022

We do a lot of intermarket analysis here at Allstarcharts.

We include all asset classes and countries in our process.

How can we not?

I mean we have the time.

This is what we do.

And so, Australian dollar vs. Japanese yen has historically been a great indicator for me to measure risk appetite. That's not just in the currency markets but, more importantly, in stocks and commodities as well.

So, take a look at what Bitcoin has been doing when compared to aussie/yen, one of my favorite intermarket relationships...

You gonna fight that?

Some might say it's a coincidence.

And that's OK. You're welcome to think what you want.

But, for my money, if aussie/yen is ripping, I want to bet that Bitcoin is going to follow.

I'll let the market prove otherwise.

I'm expecting some fireworks.

We'll discuss this all during tomorrow's Live Crypto Strategy Session.

In the meantime, please reach out if you have any questions.

JC

 

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