NeoButane

Short altcoins, long bit-con?

This is a synthetic pair trade. This chart shows the performance of altcoins as a whole against bitcoin (in market cap).

Based on the December 2020 open horizontal, it appears alts have hit a resistance.

The trade setup: long bitcoin , short the alt you hate the most, for a 1:1 ratio. You can't short or long just one because you might be incredibly wrong (or right, but I'm not in the business of being right).

My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Comments

I Appreciate your Variable Volume Oscillator. Thanks for developing this.
500 coins
+1 Reply
However with the strength that ETH is showing at present, i don't think this will playout.
I recently discovered your Variable Volume Oscillator-On Balance Vol - and this is remarkably powerful. Thanks for this contribution.
+1 Reply
NeoButane lakeluke
@lakeluke, That's a fair take. Would be incredible to see it blast through resistance.

Thank you very much for the compliment and coins :)
Reply
table001 lakeluke
@lakeluke, eth-usd huge rising wedge, btc-usd huge falling wedge, soon start of 2nd part of bull run for btc and drop out for eth.
Reply
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