Bitcoin Regains Title Over Altcoins... For Now
Unless you completely unplugged this weekend, still drunk of tryptophan, you know that Bitcoin has continuously made new highs over the weekend. Even though the Altcoins have broken out as well, Bitcoin has overshadowed them. The altcoin index has retraced slightly from new highs, and the altcoin spread shows that Bitcoin has reclaimed the title, and is 'hodling'. However, we can expect the balance to revert at some point. This might be a good time to take profits in Bitcoin, before an inevitable pullback.
Interested in the Crypto Spread and Altcoin Index? Check them out at quantguy.net
Interested in the Crypto Spread and Altcoin Index? Check them out at quantguy.net
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.