My personalized bitcoin index (factoring in USDT fluctuations)
Here's the formula for the chart in case anyone wants to use it themselves: (COINBASE:BTCUSD+BITSTAMP:BTCUSD+GEMINI:BTCUSD+POLONIEX:BTCUSDT*KRAKEN:USDTUSD+BITFINEX:BTCUSD*KRAKEN:USDTUSD+BINANCE:BTCUSDT*KRAKEN:USDTUSD+BITTREX:BTCUSDT*KRAKEN:USDTUSD+OKCOIN:BTCUSD+HITBTC:BTCUSD)/9
See related ideas(or find me on twitter/facebook/steemit) for more reasons why I'm so .
The chart should pretty much speak for itself, breakout of a ...
The more exchanges I use, the more comprehensive the data is. The USDT exchanges are quite significant... and I fix the USDT price by multiplying USDT exchanges by USDT/USD. Less noise in the chart overall the more comprehensive the data is, and it allows me to see the somewhat suspicious volume from USDT/USD lately that I otherwise may not have noticed... It's the most accurate reflection of price I can think of being possible to attain from tradingview so far, so I had to try it out and share it.
I can't say with certainty at the moment that he didn't adjust the line red line to be perfect, but I suspect that was the case already.