📖 A true leading indicator for BTC

24 sept. 2020

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🧐We managed to find a very interesting correlation between the USDT dominance and bitcoin price.
You need to turn on the correlation coefficient indicator between these charts (BTC & USDT Dominance) to see it.
There will be 100% negative correlation between them and this is logical In most cases.
The tezer's dominance percentage is highly dependent on the price of the first cryptocurrency, since it still is a large part of the market.
If we look closely at the charts, we will see a simple pattern when bitcoin makes strong movements — the USDT dominance
chart is actively moving down if bitcoin is growing up it is falling.

Let's go back to our anomaly. Sometimes we can observe a positive or tending to -0.50 or zero correlation between these charts.
Exactly these unusual deviations that precede strong moves in Bitcoin. We recommend that you adopt this tool, it is available to everyone.
There are a few separate examples below.

Settings for the CC indicator on the daily timeframe
- Source - "CLOSE"
- Length - 12

24 sept. 2020

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