1 BTC Equal Weighted Invested in Top10 Altcoins as of 01-01-2019
We observe a consolidation period of over a few months.
We construct a hypothetical portfolio of 1 Bitcoin, spread over 10 assets, to judge the relative strength of the altcoinmarket, since January 1st 2019.
Considering we generally want to trade with the overall flows, we refer back to this chart in the following months to judge where we are in the bigger picture in terms of general altcoin strength.
Trade safely!
We construct a hypothetical portfolio of 1 Bitcoin, spread over 10 assets, to judge the relative strength of the altcoinmarket, since January 1st 2019.
Considering we generally want to trade with the overall flows, we refer back to this chart in the following months to judge where we are in the bigger picture in terms of general altcoin strength.
Trade safely!
Comment:
So it's really starting to look like we're gonna get some bullish action soon, where a mark up of 30% or more is not unlikely. If it happens, it will take several weeks, so stick to your guns and keep this bias in mind, don't get shaken out, it will be a rough ride