BTC and POL-USDT - Interesting correlation.
Updated
So. POL - people get it when they stake crypto at Kucoin. Also it can be bought at Kucoin.
Now I have drawn lines just before big volume spikes on POL. I have put the same vertical lines on the BTC chart.
Notice how the last two times... first was the run up to BTCs bull market. The second was Alt-season. Now we have a third.
So I'm not sure if the POL received from staking accounts for any volume in the pol-usdt market.
However, it's interesting to see them side by side I think.
This is speculative ofc, and in no way trading advise or investment advise. Just something of curiosity to me. That I wanted to journal.
Now I have drawn lines just before big volume spikes on POL. I have put the same vertical lines on the BTC chart.
Notice how the last two times... first was the run up to BTCs bull market. The second was Alt-season. Now we have a third.
So I'm not sure if the POL received from staking accounts for any volume in the pol-usdt market.
However, it's interesting to see them side by side I think.
This is speculative ofc, and in no way trading advise or investment advise. Just something of curiosity to me. That I wanted to journal.
Note
*when I said the last two times - I meant the first two lines. (in my mind the most recent line (3rd line) is the one that has yet to show us whether the pattern will repeat.Note
(ignore the RSI in regards to this idea - I couldn't delete it without going back to one chart per screen and I couldn't be faffed to do so, so I made it as small as possible)
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.