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This btc eth ascending/descending channel breakout correlation is very intriguing but not sure how it works, is btc following eth would depend on how the channels were drawn but btc seems to break first . As shown in the top chart first post btc keeps breaking the wrong way (ascending channel as pic below would expect a break up not down). 

So the correlation would appear to be that when in a tight channel btc will break in the direction implied by eth channel.

image.thumb.png.af888fc0cb325a1904d92a002b15be05.png

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