quantguy

Bitcoin Pauses, Altcoins Catch Up

Long
BITSTAMP:BTCUSD   Bitcoin
The Altcoin index has regained momentum and shot forth from its pullback yesterday. The crypto spread indicator still suggests that altcoins are in control, though as several major players have pulled back or consolidated, this lead is narrowing. As Bitcoin faces some (likely short-lived) ambivalence at highs, further retracement should definitely be considered a buying opportunity.

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