US Markets are closed tomorrow in observance of Martin Luther King Jr’s Birthday.
Cryptos trade 24×7 365 days a year so I thought I would send out one more post before relaxing. In the Crypto world, Bitcoin Dominance clearly continues. While various Alt-coin charts may look good against the USD, the proper analysis is to use a paired coin chart, IMO. What this paired analysis shows me is that Bitcoin is the one to hold and the rest of the Alt-coins are for trading only in my book.
Ethereum paired chart shows some promise but until its paired chart can stay above the 200wma I am still skeptical. There are lots of Alt-coins and I do look at some of them but don’t have the time to focus on them to trade their pops. Only so many hours in a day…
#Bitcoin dominance continues against the Alt-Coins. A paired chart analysis is the only way to view this although #Etherium is looking better. Other Alts not so much. #cryptocurrencies #cryptocurrency #ETHUSD #XRP #invest pic.twitter.com/GMiUOX8ICQ
— Surf City (@SurfCity_Cycles) January 17, 2021