East is on top? It seems like it's generally been on east when it's made the major turns. How do you use this indicator for trades?
capriole_charles
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@mljones, yes "East" is on top - when the chart is red it means the "East" has relatively higher spot BTCUSD(T) prices.
In the last couple months, it would appear the "East" is leading the Bitcoin price: when the "East" is buying (and the chart goes red) price has often proceeded to rise as the "West" plays catch up (and vice versa).
However, unfortunately this pattern appears mostly random in the longer term. So I don't use it for trading at present. If you are looking for another factor of confluence, this *may* be helpful.
... it will be interesting to see how it plays out into the future!
mljones
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@capriole_charles, it seems like east is most active during the major bubbles and busts but in the center it's more random. This might be useful with things like indicators on the very large trend like this one
Also the double bottom on the 25th Nov to 17th Dec might have been marked by the fact that during the 1st bottom west was most active but waiting for east to become active and confirm the bottom on the 17th would have given a great long entry. BTC has a very strong end of year cycle and waiting for confirmation that east is most active would maybe help filter out early signals. Basically the idea being that the top or bottom isn't in until east says so.
Ivan722018
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Спасибо за труд! По скрипту видно, здесь объёмы западных и восточных бирж или в сравнении?
Krypto_Livermore
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This script does not account for USDT/USD effects. It is crucially important.
Smelgozr
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Is this just for BTC or can it work with other coins?