Let me explain... The ADABTC pair (for example) shows still more bearish potential (Potential for going down more). The only way for this to occur... I say again, "The ONLY way for this to occur is for the following:
BTCUSD to go up MORE (percentage wize) than ADAUSD
-OR-
BTCUSD and ADAUSD to both go down BUT ADAUSD go down MORE (percentage wize) than BTCUSD; in order for ADABTC to go DOWN.
-OR-
BTCUSD to go UP while ADAUSD remains the same (goes sideways).
This same logic can be applied to other Alt-Coin/Bitcoin Pairs...
BTCUSD to go up MORE (percentage wize) than ADAUSD
-OR-
BTCUSD and ADAUSD to both go down BUT ADAUSD go down MORE (percentage wize) than BTCUSD; in order for ADABTC to go DOWN.
-OR-
BTCUSD to go UP while ADAUSD remains the same (goes sideways).
This same logic can be applied to other Alt-Coin/Bitcoin Pairs...
Nota
UPDATE:Someone asked what indicators I'm using in the comments. I'm posting that here in the following video in case others are wondering...
Setting Up Indicators in Multi-Chart Window for Multiple Groups
Nota
UPDATE:It would be a good start for potential reversal if the Blue LSMA in the 30-minute time frame (top left hand corner) would go above Level 50 along with the Red RSI. Then follow suit in the 1hr. 90min. 2hr. etc...
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.