BINANCE COIN IS UNUSUAL, BY DANIEL BRUNO, CHARTERED MARKET TECH

BINANCE COIN LAUNCHED IN NOVEMBER 2017 BUT EVEN THIS DEARTH OF DATA IS ENOUGH TO SEE AN UNUSUAL PATTERN

LIKE MOST COINS, BTC IS A LEADING INDICATOR, VERY HIGH CORRELATION. HOWEVER, BINANCE CAN APPEAR TO BE A LEADING INDICATOR FOR BTC AS WELL.

FURTHER, WHILE BINANCE DIRECTION IS VERY SENSITIVE TO BTC, THE EXTENT OF MOVES IS GREATER. OVER THE COURSE OF DAYS AND WEEKS, OBSERVE BTC DECLINE BY 30% WHILE BINANCE IS UP BY THAT AMOUNT AND MORE. THERE ARE LARGE MOVES OUT OF PROPORTION TO BTC ACTIVITY

DANIEL BRUNO, CMT

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