Which cryptocurrencies have shown the strongest correlation with the true strength indicator in recent months?

1 answers

• Oct 15, 2024 · 6 months ago
  At BYDFi, we have observed that Bitcoin, Ethereum, and Ripple have exhibited the strongest correlation with the true strength indicator in recent months. This indicates that these cryptocurrencies' price movements have closely followed the signals provided by the TSI. However, it's crucial to remember that correlation does not imply causation, and the TSI should be used in conjunction with other technical analysis tools for a comprehensive understanding of a cryptocurrency's price behavior. It's always advisable to conduct thorough research and seek professional advice before making any investment decisions.
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