Did some more research on my previous posting on this subject. I marked all the days when all three had red candles, and registered bitcoin volatility on that day. I then picked out the ones which best matched the morphology of bitcoin current pattern from the most recent day when all three had red candles to see how the market played out. The fact that the market is above the highlighted volatility indicates to me that the market is in for a sell off soon.
This research only covers period from Bitcoin December 2017 sell off.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
FX_IDC:USDCNY = Yuan
FX_IDC:EURRUB = Ruble
This research only covers period from Bitcoin December 2017 sell off.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
FX_IDC:USDCNY = Yuan
FX_IDC:EURRUB = Ruble
Comment:
Have removed the candles from the chart to make it clearer to understand. Yellow line is Bitcoin. Highlighted boxes reflect Volatility of selected candle.
Comment:
Additional Note: The last highlighted box has no time relevance.