Bitcoin(BTC) Vs KuCoin(KCS) | A Detailed Overview

When it comes to choosing the right cryptocurrencies for trading, it's difficult.
Many of them are just worthless and worthless projects created just to make money.
Some others are really helpful and they will need time to give their help in our community as the market needs to understand what they are actually doing in the beginning.
Some other cryptos are just trendy.
So we have different reasons to choose a cryptocurrency when it comes to trading.

In this analysis, I am following a step-by-step process of Bitcoin (BTC) and KuCoin (KCS)
What we can see is that lately they are looking really connected to each other.

Price comparison:
Bitcoin:
BTC fell -52% from 68K to 33K in the downtrend.
The fall wave started on November 09-21 and seems to have ended on January 23-22
Falling wedge model in price return
The price recovered + 37% from January 23-22 until now

KuCoin:
The price of KCS has dropped from -53% from 68 thousand to 33 thousand
The KCS landing wave started on 01-December-21 and seems to have ended on 22-Jan-22.
Falling wedge model in price return
The price recovered + 54% from 22-Jan-22 so far

So we can see that KuCoin (KCS) is following Bitcoin (BTC) step by step and with a better performance in the recovery. Also on the downward movement, KCS held up the price very strongly and it began the downward movement on a month later after Bitcoin.

For the time being, I am expecting BTC to correct up to 41K and Kucoint to correct up to $18.5

So just make your homework before trading.

Short Term KuCoin Targets:
23.50
27.50

Medium Term KuCoin Targets:
32. 40
35.00
45.30

Thank you and Good Luck!

BTC Previous Analysis:

KCS Previous Analysis: