Bias: bearish / Near-Term Supports (on ALT Index): 30 -> 25
In my previous post I was asked to share my thoughts about altcoins so I decided to take a look at them. I made a simple index that averages the altcoin/USD pairs trading on Coinbase so that I could get a general idea of how alts are performing, and they seem to be underperforming compared to Bitcoin by quite a lot. They’ve given up almost all their gains since May! Ouch! I think a healthy bull market would not only have Bitcoin performing well, but alts as well. Alts seem to be deteriorating a bit.
In my previous post I was asked to share my thoughts about altcoins so I decided to take a look at them. I made a simple index that averages the altcoin/USD pairs trading on Coinbase so that I could get a general idea of how alts are performing, and they seem to be underperforming compared to Bitcoin by quite a lot. They’ve given up almost all their gains since May! Ouch! I think a healthy bull market would not only have Bitcoin performing well, but alts as well. Alts seem to be deteriorating a bit.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.