mvhguy

Risk off roation in crypto?

322 0 2
I want to apologize I made this quick and dirty this morning before running out. Its not pretty but you get the point.

A chart of the ratio of LTC/BTC in log scale and a pitchfork shows a clear overall uptrend. But notice the possible megaphone and what appears to be the ratio being rejected at the second channel top. If the ratio reverses I believe it implies risk off in crypto with BTC outperforming but in an overall asset class downtrend much like gold             and silver             .

The tricky thing in crypto is that people may rotate from LTC             directly to BTC which creates a small "pump" in BTC prices while keeping LTC             contained.

This could create a trap for folks so please be cautious.
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