BTCStrategies

#ETH showing signs of correlation with #BTC again

BITFINEX:ETHUSD   Ethereum
As with BCH, BTC is having an increase in V.I (+) but is this signs of a rejufination, or just a continued slide down?

R.V.I. in ETH seems to be teasing the sweet spot for gains, but this is better than sitting in the RVI too high.
Comment:
We're just moving sidways. RVI is still teasing the sweet spot. Delayed gains could mean that we just go straight to the low without spiking. Unless.... V.I(+) can stay above 1.2 for another day or two while V.I.(-) can push down to <0.7.
Having the RVI right under the sweet spot can only mean we are creating a sideways moving BTC. If it sustains at this level, we can begin to put in a "soft" support line.
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