RE: Correlation between BTC/USDT and ETC/USDT: In harmony

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Correlation between BTC/USDT and ETC/USDT: In harmony

in bitcoin •  8 years ago 

@kesterwong: https://www.tradingview.com/x/jzWgH1gd/

The idea is that despite correlation, performance of $ETC is better when bullish, and less worse or better when bearish. Thus, the $ETCXBT chart is in an uptrend, and shines when $BTC drops. So, you can margin long $ETCXBT as a means to shorting $XBT.

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Of course Ivan, I would not easily buy into believing that the bullish performance would/could outperform the bullish performance of ETC, especially for a relatively undervalued coin that has recently been released in at least three major exchanges in China, and then there's the Emerald wallet.