Jump to content
Sign in to follow this  

BTC$-ETH$

Recommended Posts

Interesting Bitcoin/USD and ETH/USD correlation/comparison chart;

Plus an Bitcoin technical breakdown reversal pattern chart from CryptoCred (from 5 days ago) which looks to be playing out but could hit the skids if the ETH correlation holds up.

image.thumb.png.c71af75348c443d1c8819c4ee14e48d2.png

image.thumb.png.f5f62f01b474d08946ec066b43c32773.png

1901689724_BTCUSD()H4.thumb.png.ae3d7137e6899c7ae8d027845e68fc2d.png

Share this post


Link to post

I see Bitcoin just broke down so it did indeed follow the correlation pattern with ETH as in the top chart of the first post above;

image.thumb.png.199b17dea8dce901825061bb152bbdda.png

Ether_20190311_13_04.thumb.png.7da528085bdfd463f75ab306bab5889c.png

Share this post


Link to post

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

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      13,083
    • Total Posts
      66,566
    • Total Members
      88,889
    Newest Member
    WildwoodMC
    Joined 24/11/20 15:27
  • Posts

    • Hi all, On average are Forex markets more suited to mean reversion strategies than say indices or commodities? And do you choose your market type based on the conditions at the time or do you steer clear of some on purpose? Thanks for your insight      
    • Hi, I was wondering how the ban the FCA are planning on crypto trading from the beginning of 2021 will affect IG? Specifically will we be forced to close our CFD crypto positions at the end of this year? Given how volatile they are, I don't want to find my positions being closed out at some arbitrary date. 😟 I haven't seen anything from IG about this, but maybe I've missed it. Hope everyone's having a good trading day. Cate
    • Dax and Dow M15;
×
×