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tricor2000
Jan 23, 2021 2:05 AM

BTC ETH CORRELATION CHART SHOWS DROP FOR ETH POSSIBLE Short

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

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As you probably know, BTC and ETH are correlated which can be seen in the CC indicator below.

Based on the drop in the BTC line on the chart, we will start tracking ETH for a short opportunity.
Trend LinesCorrelation Coefficient (CC)correlationintermarketanalysisBTCUSDETHUSD
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