Who's the winner right now in crypto?

4 Ağu 2020

So every cryptocurrency, having taken on the mutual correlation that Dow Theory predicts, is trying to recover its price from the recent big drop. I'm using Ichimoku on the 1 hour charts to gauge the strengths of BTCUSD, ETHUSD, BCHUSD, and XTZUSD.

Ethereum is winning in absolute percent gains off the low but very close behind are Tezos and Bitcoin Cash. Clearly Bitcoin is now the lagger.

In terms of relative price action Tezos is the first to break it's pre-crash high with Ethereum coming closer.

Alt season much? This might be what everyone has been waiting (years) for...