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).
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: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.