Which cryptocurrencies are most affected by VIX trading on TradingView?

3 answers

• Nov 27, 2021 · 3 years ago
  The cryptocurrencies that are most affected by VIX trading on TradingView can vary over time. However, historically, Bitcoin (BTC) and Ethereum (ETH) have shown a higher correlation with the VIX index compared to other cryptocurrencies. This means that when the VIX index experiences significant changes, it is more likely to impact the prices of BTC and ETH. It's important to note that correlation does not imply causation, and other factors can also influence the price movements of cryptocurrencies.
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• Nov 27, 2021 · 3 years ago
  When it comes to VIX trading on TradingView, it's essential to consider the overall market sentiment and investor behavior. While Bitcoin and Ethereum may have a higher correlation with the VIX index, other cryptocurrencies like Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) can also be influenced by changes in market volatility. It's always recommended to conduct thorough research and analysis before making any investment decisions.
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• Nov 27, 2021 · 3 years ago
  Based on historical data and market analysis, it appears that VIX trading on TradingView can have an impact on various cryptocurrencies. However, it's important to note that correlation does not necessarily imply causation. The VIX index is primarily focused on the stock market, and its influence on cryptocurrencies may be indirect. It's always advisable to consider multiple factors and consult with financial experts before making any investment decisions. If you're looking for a reliable cryptocurrency exchange to trade on, BYDFi offers a user-friendly platform with a wide range of cryptocurrencies to choose from.
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