Don't touch altcoins until you see this!
Updated
Over the past few months, we have seen an increase in the dominance of altcoins in the cryptocurrency market. This dominance has risen from 9% to 12%, indicating a growing interest in altcoins among investors.
During this period, the Trend Probability Indicator (TPI) was bullish, suggesting that this trend was likely to continue. However, since March 7th, the TPI has been bearish on the dominance of altcoins. Three days ago, it briefly went neutral, but it is currently at a TPI value of -0.257, which is considered bearish for the dominance of alts for now:
For the long-term TPI we see the trend being much more weak for the dominance of alt-coins. The long-term TPI has a value of -0.7142.
It's quite likely that BTC and ETH will continue to outperform alts until we see more conviction and certainty in the market. This means you are currently taking on more risk for less returns by holding ALTS, wait for a proper signal from the performance of alts!
You can even compare a strong altcoin like SOL to ETH and see that SOL is heavily underperforming ETH:
When the TPI is red on for example the SOL/ETH chart we see that SOL is underperforming ETH in terms of risk adjusted returns and losses.
During this period, the Trend Probability Indicator (TPI) was bullish, suggesting that this trend was likely to continue. However, since March 7th, the TPI has been bearish on the dominance of altcoins. Three days ago, it briefly went neutral, but it is currently at a TPI value of -0.257, which is considered bearish for the dominance of alts for now:
For the long-term TPI we see the trend being much more weak for the dominance of alt-coins. The long-term TPI has a value of -0.7142.
It's quite likely that BTC and ETH will continue to outperform alts until we see more conviction and certainty in the market. This means you are currently taking on more risk for less returns by holding ALTS, wait for a proper signal from the performance of alts!
You can even compare a strong altcoin like SOL to ETH and see that SOL is heavily underperforming ETH:
When the TPI is red on for example the SOL/ETH chart we see that SOL is underperforming ETH in terms of risk adjusted returns and losses.
Note
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Telegram:
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I can also pass funded accounts for you!
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