Profit Taking in Bitcoin and Altcoins
Both Bitcoin and the Altcoin Index have fallen substantially, indicating a somewhat rare flight to fiat. This is reflected by the Crypto Spread Indicator, which is hovering around parity, though tilting somewhat in the favour of Altcoins. Although we are seeing a brief technical relief rally in both, it might be wise to wait for more buying volume before entering a position in either, though we are currently at value levels identified in this newsletter for Bitcoin and many Altcoins.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!
For daily commentary on cryptocurrencies, subscribe to our newsletter!
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!
For daily commentary on cryptocurrencies, subscribe to our newsletter!
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.