BTC STDDEV > 2.1 | EXCEPT FOR MANA, NO ALT > 1.5 STDDEV
NOTE: I am just curious about crypto and have no formal education in finance or technical analysis. I only investigate the standard deviation and imbalanced market share between BTC and "alt-coins" because I was curious. This is absolutely not advice and is also my first post, so it will probably fail in general and be a learning lesson for me.
Gathering the daily high for all currencies held on Coinbase Pro, I calculated the standard deviation for each currency for the past 40 days as of 2/6/21. MANA is > 3 standard deviations from its mean. BTC is > 2.15 standard deviations from its mean. No other coin on Coinbase Pro is > 1.5 standard deviations from its mean daily high and 38 of the 51 coins are currently < 1 standard deviations from their 40 day mean daily high.
Could this standard deviation imbalance mean a market shift is coming where alt coins come of age, possibly doubling or tripling in value?
Gathering the daily high for all currencies held on Coinbase Pro, I calculated the standard deviation for each currency for the past 40 days as of 2/6/21. MANA is > 3 standard deviations from its mean. BTC is > 2.15 standard deviations from its mean. No other coin on Coinbase Pro is > 1.5 standard deviations from its mean daily high and 38 of the 51 coins are currently < 1 standard deviations from their 40 day mean daily high.
Could this standard deviation imbalance mean a market shift is coming where alt coins come of age, possibly doubling or tripling in value?