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
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
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
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.