SHITCOIN INDEX SHOWS THE END OF THE TREND FOR LOW RANKING COINS
Hello, this chart signal the potential end or pause of the shitcoin index rally (formed by top 80 coins as showed in the chart). Astonishing they are at pre Covid levels. This can mean tow things. Either the altseason has ended (less likely as per related idea), or, squeezed all possible gains out of Shitcoins, the investor attention will be shifted gradually to MID and in turn to ALT index coins. Exactly as happens on traditional markets, investors start from higher yield assets, and once squeezed their yields, they move to other safer and less profitable assets. Stocks-> Corporate Bonds-> Govt Bonds and at the end GOLD and other no interest-bearing asset. Only at that time, when no other asset is left to squeeze, we have to worry for a big and hard retracement. This is true also for crypto: indeed
Mid - top 30 (44% up potential)
Alt -top 10 (55% up potential)
In particular, this is the Alt index compared to BTC.
Interesting no?
This is why my attention now is on top 10-30 alts, as more secure and with higher potential returns.
(there are isolated cases ofc of hidden gems also in the top 100)
Mid - top 30 (44% up potential)
Alt -top 10 (55% up potential)
In particular, this is the Alt index compared to BTC.
Interesting no?
This is why my attention now is on top 10-30 alts, as more secure and with higher potential returns.
(there are isolated cases ofc of hidden gems also in the top 100)
Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
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.