Report - open interest indicator

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Many of our readers ask the same question - how useful are the indicators of open interest in comparison, for example, with the standard ones that exist in each terminal (oscillators, removals ...). Especially for those doubting for a few days we will publish statistics with pictures - see for yourself, count and draw conclusions.

We use the analysis of divergences.
Why?
Divergences - ahead by definition.
We remember that divergences are of 3 kinds (strong, medium, weak) and ordinary (classical and hidden). On divergences and signals based on them can be read on the site in the profile.
Statistics show that, by profitability / risk, trading Alts from TOP 10 for capitalization shows better results compared to trading bitcoin several times.
This is understandable - there is simply where to spy (in bitcoin) a stronger currency and filter out questionable options.
ETH USD 4 hours indicator period 4

red arrows - sell signal
green - a signal to buy
This study is combined with the signals for 4 hours by BTC -1.21% + we specify in the same way for 1 hour.
We recall the correlation with BTC -1.21%.
We also study bitcoin, the leader of cryptology.
The case where the different signals coincide, and there is an option to enter the market.
It will support your other system well and will be an excellent filter and assistant for understanding the situation on the market.
It should be understood that there is NO magic indicator, but there is the opportunity to better understand the mood of both retailers and smart people. For the trading system can be supplemented by other methods of research / forecasting.
You can see here -
Open Interest BTC Bitfinex TOP10 Alts

Open Interest USD Bitfinex TOP

All the best!
Nota
to look only at one indicator on a separate timeframe without taking into account correlating tools - in principle it's pointless - it's like looking only from one window to nature - you need to look at different TFs and different correlated tools-only then the picture can form a single whole for understanding.
Nota
Training in trading with the possibility of obtaining a funded account

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Nota
as an indicator predicted the last movements
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