quantguy

Altcoins Cling to Lead over Bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin
After testing the central moving average of the KRI, Bitcoin has pulled back a bit. While the Altcoin Index has pulled back as well, it’s not quite to the extent of BTC, and thus Altcoins retain their lead over BTC as evidenced in the Kovach Crypto Spread. Both appear to be good options for investment at this point, in our opinion, but Bitcoin seems more competitively priced for the moment.

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