IOTA / USDT Update
Updated
Update my idea
I think that all the elements are there to allow the action to reach point 1.70
and this to know when it should happen
On the other hand it is important to pay attention to the correlation that can exist between the pairs IOTA / USDT & BTC / USDT
“In general, assets with a correlation greater than 0.5 are considered to have strong positive associations. Likewise, a correlation close to zero indicates a lack of linear relationship between two variables. "
correlation between IOTA / USDT & BTC / USDT estimated at 0.88
( information source : cryotoactu 2020/01 )
This idea is my opinion, and is only my opinion ... make your own opinion
I think that all the elements are there to allow the action to reach point 1.70
and this to know when it should happen
On the other hand it is important to pay attention to the correlation that can exist between the pairs IOTA / USDT & BTC / USDT
“In general, assets with a correlation greater than 0.5 are considered to have strong positive associations. Likewise, a correlation close to zero indicates a lack of linear relationship between two variables. "
correlation between IOTA / USDT & BTC / USDT estimated at 0.88
( information source : cryotoactu 2020/01 )
This idea is my opinion, and is only my opinion ... make your own opinion
Trade active
Feb 23Hello
As I told you in my previous post, the correlation between the IOTA / USDT & BTC / USDT pairs is important.
The fall in the BTC / USDT pair caused the channel to break.
A lot of traders are short selling the BTC / USDT pair. The stoploss should end around $ 42,000, or at worst $ 40 ,000.
We should then see the BTC / USDT pair resume its channel, and then the IOTA / USDT pair do the same.
this is my opinion and commits only me, make your own opinion
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