Hello.
I sometimes wonder why the same indicators for BTC/USD and BTC/USDT charts may not match at critical points?
I use EMA crossing even on weeks, and when checked by other factors it works (although usually SMAs are recommended for weeks).
But I suggest you ponder together why trading to the real dollar has already resulted in a bad EMA50/200 cross on the weekly Bitstamp chart, while trading to USDT has relative to the USD chart still a margin of safety.
But visually it appears that in the case of BTC/USDT price is being pressured by the cross. And on the right-hand chart, price simply cannot overcome EMA200 line.
Visually, it will take another 1-1.5 months to get a cross on the Binance chart...
And on Bitstamp this cross exists for almost a month already…
So the questions are.
1. Why is it so, if 1 USD = 1 USDT?
2. Does the significantly longer trading history of Bitstamp play a role?
3. Does the level of literacy and motivation of traders play a role (Bitstamp is quite strict when it comes to ID processing, many don't want to mess with it)?
4. Your more convincing explanation of this difference.
I sometimes wonder why the same indicators for BTC/USD and BTC/USDT charts may not match at critical points?
I use EMA crossing even on weeks, and when checked by other factors it works (although usually SMAs are recommended for weeks).
But I suggest you ponder together why trading to the real dollar has already resulted in a bad EMA50/200 cross on the weekly Bitstamp chart, while trading to USDT has relative to the USD chart still a margin of safety.
But visually it appears that in the case of BTC/USDT price is being pressured by the cross. And on the right-hand chart, price simply cannot overcome EMA200 line.
Visually, it will take another 1-1.5 months to get a cross on the Binance chart...
And on Bitstamp this cross exists for almost a month already…
So the questions are.
1. Why is it so, if 1 USD = 1 USDT?
2. Does the significantly longer trading history of Bitstamp play a role?
3. Does the level of literacy and motivation of traders play a role (Bitstamp is quite strict when it comes to ID processing, many don't want to mess with it)?
4. Your more convincing explanation of this difference.