NCI NASDAQ's Cryptocurrency Index SHORT

2월 29일

On a 2H chart, the index has had a 125% trend up since October averaging 25% per month but

accelerating. I wanted to see if there are any signs of an impeding correction given the

uptrend's duration. The past week added about 10% which seems unsustainable. The RSI is

not yet in high overvalued /bought territory but is on the approach. The predictive algo

indicators may suggest some upside but when zooming in the trendlines are relatively flat.

The candlesticks are showing prominent topping wicks. The Bollinger bands show a

" upper band march" after the run up of the past week.

Overall, at least for the immediate to intermediate term, I see no upside for this index.

As applied to my trading, I will take no new long positions of BTC and ETH. I will consider

taking partial profits at the highs of the upcoming several days at 10% each time. At some point

when a reversal is more definitive I may take short positions in them.

3월 1일

액티브 트레이드

Crypto index is sideways awaiting further accumulation vis distribution before a move.

3월 5일

노트

The crypto index has returned to bullish momentum.