🐒 I have put together a chart of the top 39 Altcoin Cryptocurrencies with Bitcoin overlaid on the chart starting on September 16 , 2018.
🐒 To get the figure for the Average daily price of the top 39 Cryptocurrencies I add the price of the top 39 Cryptocurrencies (( Bitcoin is not included )) then divide by 39 I then overlay the Bitcoin price on the chart in order to see how the two move in comparison to each other. The data is recorded everyday at 7:00 AM EST give or take a few minutes . By doing this I can get a clearer picture of how the top 39 altcoins are performing against Bitcoin .
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All data recorded daily at 7:00 AM EST
The Bitcoin price is from CoinBase Pro
Data information from :
https://coinmarketcap.com/all/views/all/
https://pro.coinbase.com/trade/BTC-USD
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🐒 BLUE LINE : Average daily price of the top 39 Cryptocurrency Altcoins ( Bitcoin is not used )
LEGEND PRICE : Left side of chart
🐒 GREEN LINE : Bitcoin Price at 7:00 AM EST
LEGEND PRICE Bitcoin : Right side of chart
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ME-TARZAN TOP 39 INDEX trending up
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Chart starting date September 16 , 2018
🐒 Highest Average daily price on this chart of the top 39 Cryptocurrencies : $55.22 was on November 7 , 2018
🐒 Lowest Average daily price on this chart of the top 39 Cryptocurrencies : $21.75 was on December 15 , 2018
🐒 Today's Average daily price of the top 39 Cryptocurrencies : $38.32
🐒 Highest Bitcoin price on this chart was at 7:00 AM EST : $6,749 on September 23 , 2018
🐒 Lowest Bitcoin price on this chart was at 7:00 AM EST : $3,165 on December 15 , 2018
🐒 Today's Bitcoin price at 7:00 AM EST : $4,027
SUMMARY
🐒 The Average daily price of the top 39 Cryptocurrencies is outperforming Bitcoin since the lows of December 15, 2018 . The top 39 Cryptocurrencies have gained 76.18% from the low of $21.75 to today's price of $38.32 ; while Bitcoin has only gained 27.24% from its low of $3,165 to today's price of $4,027 . Therefore from the data on this chart the top 39 Cryptocurrencies are outperforming Bitcoin .
🐒 Here is something to take note of the top 39 Cryptocurrencies have broken out above its consolidation zone and now has a target price of $46.09 . Back on September 21 , 2018 the top 39 Cryptocurrencies were at $46.14 and Bitcoin was at $6,701 . To reach these levels the top 39 Cryptocurrencies would have to rally 20.41% and Bitcoin would have to rally 66% . I do think the altcoins will continue to outperform BTC . I do feel the crypto market including Bitcoin has bottomed and is in the beginning stages of a new bull market .
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DISCLAIMER :
This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals , opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .