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kdenery
Dec 27, 2020 4:59 PM

IOTA: Terrible, Take a Lap 

IOTAUSD*1000000000/TOTAL2Binance

Description

It's nothing if not consistent... Alert set for exiting the channel, will wait till then to update.
Comments
VincentMazza
What is this measuring?
kdenery
@VincentMazza, IOTAs movement relative to the rest of the ALT market. so basically, its doing AWFUL despite what USD charts may say. its not keeping up at all.
VincentMazza
@kdenery, Cool thanks. How do you create a chart with one token relative to so many others like that?
kdenery
@VincentMazza, you can divide a coin by TOTAL2, which is the marketcap of all alt coins combined. Because they're both measured in USD, when you do, you get a pairing like this. so instead of IOTA/USD its basically IOTA/(The average of the altcoin market)
VincentMazza
@kdenery, good to know. thanks!
kdenery
@VincentMazza, Anytime, check out most of my recent posts for unique pairings like this.
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