Bitcoin Premium for Bitfinex and Coinbase By CompoundWater
Timing and Application: When the crypto trend is obviously positive for a long time frame, give short-term investors a reference.
Purpose: This is for Bitcoin Price between Bitfinex(BFX) and Coinbase(CB) and give you some hint when to be careful and when to find chance to buy/long BTC.
if (BFX β CB ) Bitcoin Price: < 0 will show red line below > 0 will show green line below
Action: π show (BFX β CB <0 too much): Be care market may be too greed! π show (BFX β CB >0 too much ): Try to find some chance to long BTC!
Why? There are many big and old players in Bitfinex. Coinbase may has more small investors and new user.
Data source: Coinbase/Bitfinex BTCUSD The indicator is recommended to be applied in 4hr timeframes.
Disclaimer: only for learning reference, please consider by yourselves