{"id":12942,"date":"2022-12-09T08:04:44","date_gmt":"2022-12-09T08:04:44","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12942"},"modified":"2023-05-17T08:08:40","modified_gmt":"2023-05-17T08:08:40","slug":"bitcoin-yuan-and-china-bond-yields-point-to-rally-ahead","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/09\/bitcoin-yuan-and-china-bond-yields-point-to-rally-ahead\/","title":{"rendered":"BITCOIN, Yuan and China bond yields point to rally ahead!"},"content":{"rendered":"

 <\/p>\n

You might be thinking what the Chinese Yuan (USDCNY displayed by the red trend-line) and China’s bond yields (CN20Y displayed by the blue trend-line) have to do with BITCOIN (BTCUSD). This chart comes to show just how strong the correlation is.<\/p>\n

As you see since 2012, every time the CN20Y broke above its Lower Highs trend-line, Bitcoin started its Bull Cycle rally. This makes the two assets strongly positively correlated. In addition, when that happened, it always coincided with the USDCNY starting a major fall (red circle on the chart, making the two assets mostly negatively correlated. In fact Bitcoin has had its Bull Cycles in major long-term USDCNY falls and its Bear Cycle in major USDCNY rises.<\/p>\n

Right now the CN20Y is testing the 2021\/2022 Lower Highs trend-line again. Do you think a break above it would start Bitcoin’s new major Bull rally? Feel free to let me know in the comments section below!<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/BTCUSD\/tZpI8N5s-BITCOIN-Yuan-and-China-bond-yields-point-to-rally-ahead<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  You might be thinking what the Chinese Yuan (USDCNY displayed by the red trend-line) and China’s bond yields (CN20Y displayed by the blue trend-line) have to do with BITCOIN (BTCUSD). This chart comes to show just how strong the correlation is. As you see since 2012, every time the CN20Y broke above its Lower<\/p>\n","protected":false},"author":611,"featured_media":12943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-12942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12942"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12942\/revisions"}],"predecessor-version":[{"id":12946,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12942\/revisions\/12946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12943"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}