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owocki / pytrader

cryptocurrency trading robot
MIT License
1.94k stars 429 forks source link

Correlations Study #31

Open NDuma opened 8 years ago

NDuma commented 8 years ago

Direct or Inverse Correlations may be occurring between different pairs; and, sometimes delayed on different timeframes.

Price Action data might reveal / indicate strategic buying; selling; hedging opportunities from one pair to another.

owocki commented 8 years ago

+1 -- A lot of folks on the reddit r/ethtrader subreddit think there is a reverse correlation between BTC/ETH price. Basically they are treated as hedges against one another.

NDuma commented 8 years ago

It's been mentioned that equities markets also have a role in the crypto markets. As, 'UserNames' have stated that sell off's in Asian markets give anticipation for similar trends in Alt. Coins.

jeff-hykin commented 8 years ago

delayed timeframes may deserve extra attention / effort due to them having a high payout if found.