Privacy coins rally may lead to correction
Takeaway: Privacy coins price action can be used as an unusual rare indicator for spotting intermediary tops
Assets covered: BTC, DASH, ZEC
Tools used: Emerging Trends, Social volume, Social Data Feed
Privacy coins are on the move recently.
One of them appears in Emerging Trends and keeps climbing:
Interesting social volume patterns for two others, XZC and ZEC, were shared earlier in our tweet:
Now it's possible to put together the price action of BTC against two most noticeable stablecoins - DASH and ZEC. A great comparison feature is used for that:
And the pattern we'd like to share today is an unusual rare indicator for spotting intermediary tops.
If any of the privacy coins jumps and BTC is not following - it's a local top.
Exactly like it happened around 9th of April. ZEC and DASH surging while
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