This graph shows 1/Total Crypto Market Cap(excluding BTC).
Currently we are seeing general uncertainty in the most volatile market. It may be a better idea to hedge your positions with spreads. In other words, if you are bullish due to fundamental analysis factor on ETH or any other altcoin, you may place a long with your alt and a BTC short.
- Same goes for otherway around (BTC long, shitcoin short)
- This idea is based on the assumption that Cryptocurrencies move in the same direction
Currently we are seeing general uncertainty in the most volatile market. It may be a better idea to hedge your positions with spreads. In other words, if you are bullish due to fundamental analysis factor on ETH or any other altcoin, you may place a long with your alt and a BTC short.
- Same goes for otherway around (BTC long, shitcoin short)
- This idea is based on the assumption that Cryptocurrencies move in the same direction
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.