MAGICMARK

ETH ... a good indicator for BTC drops?

MAGICMARK Updated   
BITFINEX:ETHUSD   Ethereum
Hello team!

So, something I've watched for a while ... ETH, and I have a hypothesis. It does a great job telling us when a BTC drop is incoming. Check out this chart. I'd say in all instances except maybe one, the drops defined gave us advanced warning. The purple dashed lines mark the start of the ETH drop and compare that to when BTC drops. There is a definite lag. That lag actually represents several hours of warning before the BTC drop happens.

Something to keep in mind when you're trading ... keep a watchful eye on ETH. If it seems to be holding steady, probably all is okay ... but if it shows weakness, start watching BTC like a hawk!

Remember only a fool relies on one potential outcome!

Do not make financial decisions based on this information. For educational purposes only.
Comment:
If you wish to make a donation, based on profit you made on my ideas ... it would be greatly appreciated.
BTC address 14i2Xit5pH7Sz5TMegDn8vDT6VcoN85f42
ETH address
0x8a62eE1B2628297EA51aD08dadFFCed3F73e6eed
LTC address
LXoyzmL85HvED1LyHkJtGygUPbBUZd
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