GRTUSD - The Graph - Price Correlation Lagging - Gap will close
This Chart pricing overlay demonstrates that the current price ratio of GRTUSD is lagging behind the price of Bitcoin.
A better explanation is that the leverage ratio between GRTUSD and BTCUSD is low, and has been stretched to the downside.
Todays price should be in the 1.25 to 1.35 range compared to todays bitcoin price, however, today it is not.
At some point, the rubber band of price correlation elasticity will snap the pricing ratio back to the mean and beyond. = GRTUSD will move Up.
This Chart pricing overlay demonstrates that the current price ratio of GRTUSD is lagging behind the price of Bitcoin.
A better explanation is that the leverage ratio between GRTUSD and BTCUSD is low, and has been stretched to the downside.
Todays price should be in the 1.25 to 1.35 range compared to todays bitcoin price, however, today it is not.
At some point, the rubber band of price correlation elasticity will snap the pricing ratio back to the mean and beyond. = GRTUSD will move Up.