Unless you completely unplugged this weekend, still drunk of tryptophan, you know that Bitcoin
has continuously made new highs over the weekend. Even though the Altcoins have broken out as well, Bitcoin
has overshadowed them. The altcoin index has retraced slightly from new highs, and the altcoin spread shows that Bitcoin
has reclaimed the title, and is 'hodling'. However, we can expect the balance to revert at some point. This might be a good time to take profits in Bitcoin
, before an inevitable pullback.
Interested in the Crypto Spread and Altcoin Index? Check them out at quantguy.net