If there is any uncertainty in risk-on crypto, this might be a good hedge to scale into for both short term and long term. Momentum looks good. Technical look good. Fundamentals are solid. RSI is could go either way. MACD a little light red, but improving. Possibility of small drop to retest. And/or If XBT , BTC pops, then that's great. This would still be a good hedge in case of an unexpected Btc reversal.
Note
Okay, as a trade, this does not really work. Too much beta volatility they are not really comparable on short time frame. But long, imo, it will always be a good hedge. Safe haven / speculationTrade active
I like it again here. AccumulatingNote
Hmm.. both if both start rising to USD, XBT going to launch and rip this one. Better off just buying Paxg to Usdt pair
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.
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.