BTC.D + SHORTS vs ALTS chart correlation cont.
updated chart to show BTC.D looking for that bounce here as Bitcoin starts taking the leadership role back from alts, but i dont expect alts to pullback much if at all. They will most likley slow down with few names popping hard each day. That alt season type of rally that will happen as soon as bitcoin chills out after this current move and begins going sideways/slightly up.
bitcoin shorts(bitfinex only) still in strong downtrend
Keep eye on the correlation between BTC.D shorts and whichever TOTAL chart, if these relationships begin to change and diverge we can start to anticipate where $ will go next
bitcoin shorts(bitfinex only) still in strong downtrend
Keep eye on the correlation between BTC.D shorts and whichever TOTAL chart, if these relationships begin to change and diverge we can start to anticipate where $ will go next
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