ETHBTC Traders WAY Long, No Capitulation in Sight?
Eventually alts will come back into favor, but it isn't likely anytime soon. Looking at ETHBTCLONGS and LTCBTCLONGS the alt traders are still buying ETHBTC and LTCBTC. I can't see capituatlion happening with this many longs, it's way too crowded. Until further notice, it seems prudent to just play BTC longs and wait for the bagholders to fold. GL
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.