SOMETHING INTERESTING was HAPPENED IN CRYPTO
Despite the weakness in todays market 88 of the 100 cryptocurrency were trading above their 200-day moving averages
For comparison only about 49 percent of S&P 500 stocks are above their 200-day averages
So the market is not simply, about BTC moving up or down. Broader crypto participation is worth watching.
👀 Do you look at market breadth when analyzing crypto?
$BTC $ETH $SOL
#crypto #Bitcoin #Ethereum #Solana #trading
Despite the weakness in todays market 88 of the 100 cryptocurrency were trading above their 200-day moving averages
For comparison only about 49 percent of S&P 500 stocks are above their 200-day averages
So the market is not simply, about BTC moving up or down. Broader crypto participation is worth watching.
👀 Do you look at market breadth when analyzing crypto?
$BTC $ETH $SOL
#crypto #Bitcoin #Ethereum #Solana #trading