The channel formed from the highs on Nov 21 and Nov 29 on Coinbase, versus the channel on bitfinex. There is a significant difference in the channels. Specifically, in recent price action.
@BMasked, The price btc trades for in actual dollars and not a stable coin.
BMasked
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@CryptSlayer, I understand, but the pegged coin is still being traded at a real capital risk. The question here is really, why are the slopes and action so different, as opposed to why is there a constant (or semi-constant) premium against USDT. Maybe the USD is more 'real' from your perspective, however, USDT trading volume is much larger. Which exchange leads the price action, and which is the trailing arbitrage? My bet if the 'finex price action is the "real" mover, given volume of capital risk, but I have no proof. Which chart do you trade?