Bitcoin/USD is an oracle for ETH/USD *Observation*

So I saw the same thing happen a couple days ago with Bitcoin that's happening today with Ethereum. It appears that ethereum is following a trend set before the break up and subsequent fall. Will post the BTC chart to illustrate what I'm talking about.

This seems to be the case in a couple different periods in the market, where bitcoin would make it's fall or rise and then ethereum would follow suit a little bit after in a smaller magnitude. For example ETH's ATH came a few weeks after Bitcoins ATH. same with the following local lows, ethereum reached it's local low shortly after bitcoin did.

Just a thought I wanted to get out there for other peoples opinions.

Komentarz:

Compare the chart above with this chart, seems like eth could follow a similar pattern just inversed