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).
I Appreciate your Variable Volume Oscillator. Thanks for developing this.
lakeluke
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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.
NeoButane
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@lakeluke, That's a fair take. Would be incredible to see it blast through resistance.
Thank you very much for the compliment and coins :)
table001
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@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.