What are the key indicators to look for in a VXX chart for altcoins?

1 answers

• Nov 26, 2021 · 3 years ago
  Looking at a VXX chart for altcoins can be a valuable tool for making informed decisions. One indicator to consider is the volume profile. This indicator shows the volume traded at different price levels, giving insights into areas of high buying or selling interest. Another important factor is the correlation with Bitcoin. Altcoins often follow the price movements of Bitcoin, so it's important to consider Bitcoin's performance when analyzing a VXX chart for altcoins. Additionally, it's useful to look at the altcoin's historical price performance and compare it to other altcoins in the market. This can provide insights into the altcoin's relative strength and potential for future growth.
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