S&P Cryptocurrency MegaCap Index
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Hope you are all having a good weekend!
NEW YORK, May 4, 2021: S&P Dow Jones Indices (S&P DJI), the world’s leading index provider, has officially launched its new series of digital asset benchmarks, the S&P Digital Market Indices. These new S&P-branded indices will measure the performance of digital assets listed on recognized open cryptocurrency exchanges.
I have traced the current mega-cap index - best I can.
I have overlayed it on the ETH/BTC chart as there is not YET a ticker on TradingView.
The S&P Cryptocurrency MegaCap Index is designed to track the performance of the digital assets Bitcoin and Ethereum.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
NEW YORK, May 4, 2021: S&P Dow Jones Indices (S&P DJI), the world’s leading index provider, has officially launched its new series of digital asset benchmarks, the S&P Digital Market Indices. These new S&P-branded indices will measure the performance of digital assets listed on recognized open cryptocurrency exchanges.
I have traced the current mega-cap index - best I can.
I have overlayed it on the ETH/BTC chart as there is not YET a ticker on TradingView.
The S&P Cryptocurrency MegaCap Index is designed to track the performance of the digital assets Bitcoin and Ethereum.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Note
Here's the Bitcoin Version.
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