Do you see any correlation between XRPUSD and BTCUSD?
Regarding to ETHUSD I am looking for correlation with BTCUSD, but currently these two move like twins. I am looking for confirmation for that sort of ideas.
Thaks for sharing your analysis!
Do you see any correlation between XRPUSD and BTCUSD?
Regarding to ETHUSD I am looking for correlation with BTCUSD, but currently these two move like twins. I am looking for confirmation for that sort of ideas.
Thaks for sharing your analysis!
They are all correlated to BTC, there is just no way around it. You have to buy BTC first, in most of the exchanges, in order to buy everyother coin or token. And that has a huge influence. Let aside, the fact that bitcoin is the mother and flagship for blockchain.
What I said in my post was, that for me, right now analysing XRP is best for predicting the overall direction of the market.