🚀Correlation is a metric that quantifies the movement synchronization between two investments, revealing their connection and aiding investors in comprehending their relationship.
🤯The image illustrates the correlation between:
Bitcoin(BTC)
Bitcoin Dominance(BTC.D)
USDT Dominance(USDT.D)
Crypto Total Market Cap(TOTAL)
✅As a result, you are now able to proactively strategize your trades.
✍️Note that every market has a correlation; this reflects the current state of affairs. The market is always evolving, so conducting thorough research is crucial.
🖖You can create and visualize charts easily using TradingView, a powerful platform for all your charting needs. Head over to www.tradingview.com and start plotting your charts today!
