This graph shows 1/Total Crypto Market Cap(excluding BTC).
Currently we are seeing general uncertainty in the most volatile market. It may be a better idea to hedge your positions with spreads. In other words, if you are bullish due to fundamental analysis factor on ETH or any other altcoin, you may place a long with your alt and a BTC short.
- Same goes for otherway around (BTC long, shitcoin short)
- This idea is based on the assumption that Cryptocurrencies move in the same direction
Currently we are seeing general uncertainty in the most volatile market. It may be a better idea to hedge your positions with spreads. In other words, if you are bullish due to fundamental analysis factor on ETH or any other altcoin, you may place a long with your alt and a BTC short.
- Same goes for otherway around (BTC long, shitcoin short)
- This idea is based on the assumption that Cryptocurrencies move in the same direction
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