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Which cryptocurrencies have shown the most correlation with the tradingview session indicator?

avatarClinton AveryDec 26, 2021 · 3 years ago3 answers

I'm curious to know which cryptocurrencies have demonstrated the highest correlation with the tradingview session indicator. Can you provide insights on which digital currencies have shown the strongest relationship with this indicator? I'm particularly interested in understanding how certain cryptocurrencies perform in relation to the tradingview session indicator.

Which cryptocurrencies have shown the most correlation with the tradingview session indicator?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The tradingview session indicator has shown a strong correlation with Bitcoin (BTC) and Ethereum (ETH). These two cryptocurrencies have consistently demonstrated a close relationship with the indicator, with their price movements often aligning with the session indicator's patterns. It's important to note that correlation does not imply causation, but the data suggests that BTC and ETH are worth monitoring in relation to the tradingview session indicator.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to the tradingview session indicator, Bitcoin (BTC) and Ethereum (ETH) have been the frontrunners in terms of correlation. The session indicator seems to have a significant impact on the price movements of these two cryptocurrencies. However, it's crucial to consider other factors and indicators before making any investment decisions. Remember, correlation doesn't always equal profitability.
  • avatarDec 26, 2021 · 3 years ago
    Based on my analysis, Bitcoin (BTC) and Ethereum (ETH) have shown the highest correlation with the tradingview session indicator. This means that their price movements tend to align closely with the patterns identified by the session indicator. It's worth keeping an eye on these cryptocurrencies if you're using the tradingview session indicator as part of your trading strategy. However, correlation alone should not be the sole basis for making investment decisions. Always conduct thorough research and consider multiple indicators before making any moves.