Bitcoin Premium for Bitfinex and Coinbase By CompoundWater

Bitcoin Premium for Bitfinex and Coinbase By CompoundWater

Timing and Application:
When the crypto trend is obviously positive for a long time frame, give short-term investors a reference.

Purpose:
This is for Bitcoin Price between Bitfinex(BFX) and Coinbase(CB)
and give you some hint when to be careful and when to find chance to buy/long BTC.

if
(BFX – CB ) Bitcoin Price:
< 0 will show red line below
> 0 will show green line below

Action:
💀 show (BFX – CB <0 too much): Be care market may be too greed!
💗 show (BFX – CB >0 too much ): Try to find some chance to long BTC!

Why?
There are many big and old players in Bitfinex.
Coinbase may has more small investors and new user.

Data source: Coinbase/Bitfinex BTCUSD
The indicator is recommended to be applied in 4hr timeframes.

Disclaimer: only for learning reference, please consider by yourselves