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RE: Bitcoin (BTC) Evening Update: One more dip lower for the correction?

in #bitcoin7 years ago

I think Eth chart is a better indicator. It has very similar downtrend channel like the BTC one you see. When I saw your first update with the triangle was confused and though the correction couldn't possibly last a few days. Then since btc moves all tides I saw on bittrex and eth made a downward channel with Apex at round 330 ish. So it actually makes sense if BTC went down to 8300 eth will in the 300s. I think the Bitfinex chart is more accurate, coinbase and gdax are fast exchanges but horrible charts.