This chart shows the correlation between Bitfinex whale long cumulative positions and ETH price behavior, over USDT and over BTC.
Blue squares = whale longs accumulation
Red square = whale close position either in 0 or in major loss
Blue square = whale close longs in profit.
So in conclusion, for several years, there has been a clear correlation and benefit from using ETHBTCLongs chart as an entry point for ETH/USDT trading.
HoweverETHBTCLongs win-rate is negative over time on ETH/BTC chart.
Blue squares = whale longs accumulation
Red square = whale close position either in 0 or in major loss
Blue square = whale close longs in profit.
So in conclusion, for several years, there has been a clear correlation and benefit from using ETHBTCLongs chart as an entry point for ETH/USDT trading.
HoweverETHBTCLongs win-rate is negative over time on ETH/BTC chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.