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BTCStrategies
Mar 21, 2018 12:12 AM

#ETH showing signs of correlation with #BTC again 

Ethereum / DollarBitfinex

Description

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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