Crypto Short-Term Trending Bullish
The cryptocurrency space has finally moved a bit and come out of its deep downfall. I will not call this a win and certainly not calling for a sustained move up. I do not know and do not predict what happens next. I can only see the trends.
Crypto Trending
Here is the table of crypto that I track.
Out of the 18 that I track, 12 of them have their price 10-day moving average cross over the 20-day moving average. And 11 of them have their price over their 50-day moving average. (Note that this is as of yesterday evening around 5pm EST).
Crypto Returns
Here is the ROI table:
Some interesting observations:
Almost all of them (except Polkadot) has positive returns over the last 1 month. Some of these 1-month returns are very high and many of them are in double digits.
Bitcoin is also up but is underperforming the others by a wide margin.
Out of the big 2 which is Bitcoin and Ethereum, Ethereum has certainly been the better play over the last month. We can see from the BTC-ETH chart below that all the ETH out-performance has been mostly in the last 1 week.
The most interesting columns are the last 2: up from 52-week low and down from 52-week high.
Bitcoin and Ethereum
This is the BTC-ETH chart which tells me about the relative performance of Bitcoin and Ethereum.
Actions
I did start getting back into the crypto space of the last 2 weeks. However, my capital deployed is only about 15% of what I would ultimately deploy. So, I am still waiting to see how long this trend continues or how much flight this trend has.