Hello everyone, hope you are having a fantastic trading week!
Bitcoin and Ethereum have been trading in Sync as shown by the blue projection, both making higher highs, and higher lows almost together.
Lately, the positive correlation we used to see started to fade away! and in fact, ETH and BTC are now trading in the opposite direction.
As you can clearly see, BTC is trading inside a descending channel while ETH is trading inside an ascending channel.
What Next?
Are we going to see the positive correlation back by Bitcoin trading higher from here to catch up with Ethereum?
Is now Ethereum leading?
I find the comparison very interesting. What do you think will happen?
Bitcoin and Ethereum have been trading in Sync as shown by the blue projection, both making higher highs, and higher lows almost together.
Lately, the positive correlation we used to see started to fade away! and in fact, ETH and BTC are now trading in the opposite direction.
As you can clearly see, BTC is trading inside a descending channel while ETH is trading inside an ascending channel.
What Next?
Are we going to see the positive correlation back by Bitcoin trading higher from here to catch up with Ethereum?
Is now Ethereum leading?
I find the comparison very interesting. What do you think will happen?
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.