Bitcoin Makes New Highs, Can Altcoins Catch up?
As Bitcoin hurdles past $8000 making new highs and then some, the question is where to invest? It seems inevitable that Bitcoin will pull back, while recent gains in Ethereum, Neo, IOTA, and Litecoin have seemed paltry in comparison to BTC, indicating these might still be in a value area.
The altcoin index has recovered from a brief pullback. This could be the beginning of a bull wedge or pennant formation. The crypto spread indicator is around parity again indicating that, just for now, altcoins are keeping up the pace.
The crypto spread indicator and altcoin index were essential to this analysis. If you want access to these indicators, please sign up at quantguy.net!
The altcoin index has recovered from a brief pullback. This could be the beginning of a bull wedge or pennant formation. The crypto spread indicator is around parity again indicating that, just for now, altcoins are keeping up the pace.
The crypto spread indicator and altcoin index were essential to this analysis. If you want access to these indicators, please sign up at quantguy.net!
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