And then I tested it by the same methodology but this time on SHCOMP ( SSE Composite Index which is the Chinese stock market index).
The final formula is BITSTAMP:BTCUSD*FOREXCOM:USDCNH/
Here is where the magic happens:
This ratio chart shows a precisely clear triangle structure in 2018 and a in early 2019.
This result means that the from China to the Bitcoin market leads.
BTCCNH/SHCOMP finally reveal the real market structure of bitcoin.
Symmetrical triangle & double bottom.
Even a clear structure of the Wyckoff Model.
It's just like you're reading a textbook of technical analysis.