Bitcoin/Bitstamp vs Bitcoin-E: Tight Correlation | #bitcoin $BTC
Hello Friends,
A quick FYI comment:
A few Bitcoin traders have asked that I offer predictive analysis and forecasting on a variety of exchange. I would like to remind traders who may be pondering against which source of data I should lean, that a simple relative strength chart, pitting BTCUSD/Bitstamp against BTC-e will easily demonstrate that their correlation is quite tight.
In fact, despite the wide gyrations in price, the caused very little excursion from the perfectly tight 1.00 correlation value. So, be it BTCe or Bitstamp, it looks like the two provide a very similar data and the charts should be quite comparable
Feel free to comment on this chart, although I'd rather keep the discussion thread on this following chart, where most of the analyses and forecasts have been shared:
BTCUSD/Bitstamp - H4 Chart:
Thank you.
David Alcindor
A quick FYI comment:
A few Bitcoin traders have asked that I offer predictive analysis and forecasting on a variety of exchange. I would like to remind traders who may be pondering against which source of data I should lean, that a simple relative strength chart, pitting BTCUSD/Bitstamp against BTC-e will easily demonstrate that their correlation is quite tight.
In fact, despite the wide gyrations in price, the caused very little excursion from the perfectly tight 1.00 correlation value. So, be it BTCe or Bitstamp, it looks like the two provide a very similar data and the charts should be quite comparable
Feel free to comment on this chart, although I'd rather keep the discussion thread on this following chart, where most of the analyses and forecasts have been shared:
BTCUSD/Bitstamp - H4 Chart:
Thank you.
David Alcindor
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