Long
Huobi token and Bitcoin negative price correlation
Every time HT goes up Bitcoin price goes down
This represents a negative correlation between both assets
It can also show a general pattern found in some altcoins with respect to BTC
We expect a +3.4% additional gain in Bitcoin before it drops to its buying zone
We also expect -3.5% drop in Huobi Token price before its uptrend continuation
If you like this idea give it one like. Thanks and good luck.
This represents a negative correlation between both assets
It can also show a general pattern found in some altcoins with respect to BTC
We expect a +3.4% additional gain in Bitcoin before it drops to its buying zone
We also expect -3.5% drop in Huobi Token price before its uptrend continuation
If you like this idea give it one like. Thanks and good luck.
Note
HT is testing previous resistance now support for a potential 14 % gain. Let's see its price reaction after 24 hours from now Note
It seems that HB is testing the resistance and BTC has a pullback, let's see what's nextTrade active
HT nice support area lets see some consolidation before next leg up Trade active
HT and altcoins move up :)Trade active
AWESOME correlation! We have an indicator now ;) 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.