quantguy

Bitcoin vs. Altcoin Outlook

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has been on a solid streak this week, just about a full recovery from the Segwit2x mayhem this weekend. The Altcoin index has retraced significantly, and other than a brief test of -1.4%, the spread indicator has been solidly positive for the past three days, indicating that Bitcoin is providing better returns at the moment. At this point a retracement is inevitable, and it may be a good idea to take some profits from BTC, and consider investing in some Altcoins, like ETH or LTC, which seem poised for a breakout.

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