MarxBabu

Bitcoin and Bitcoin Index 2D-24H 2:1 Ratio price analysis

BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
It is simple comparison of the bitcoin with its volatility index, as we normally do for all the stocks ,Here it is for Bitcoin.

Interpretation :
Every time The Index line is high above the Bitcoin price ,Huge Bulls are controlling the price right after this formation.
Index line is below the candle , Price is falling ,it usually spans week to month .

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