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MCFX2
6 Th01 2018 05:48

Dogecoin as an indicator of alt sentiment 

Stellar Lumens / BitcoinBittrex

Mô tả

Dogecoin is an interesting specimen, it only rarely pumps, and that means we can look for patterns surrounding dogecoin pumps.

After looking into dogecoin pumps in detail, I discovered that there was a strong correlation between impressive doge rallies and the general theme of the altcoin market.

I decided to turn what I learned into an indicator, shown above. The green/red area represents the strength of dogecoin's trend and its direction, and the white/blue histogram is the derivative of the green line.

This pattern is obvious on XLM, but you can see it on nearly every alt. Happy trending
Bình luận
ZDorian
I want to try that indicator!
jeremyalain
Sounds neat, but not sure I follow...would you mind a bit more detail?
Skutania
Thanks a ton
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