quantguy
Short

Profit Taking in Bitcoin and Altcoins

BITSTAMP:BTCUSD   Bitcoin / Dollar
Both Bitcoin and the Altcoin Index have fallen substantially, indicating a somewhat rare flight to fiat. This is reflected by the Crypto Spread Indicator, which is hovering around parity, though tilting somewhat in the favour of Altcoins. Although we are seeing a brief technical relief rally in both, it might be wise to wait for more buying volume before entering a position in either, though we are currently at value levels identified in this newsletter for Bitcoin and many Altcoins.

Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!

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