Time to Hold Your Nose and Buy (Portfolio Rebalance)
Portfolios
Note: Please see the end of this note for additional commentary on rebalance.
Extremely Oversold
Using BTC as our proxy for the broader crypto market, we can see that relative to historical selloffs, this episode is one for the record books in both pace and magnitude. On February 5th (spot $61,563), BTC’s z-score relative to its 50-day moving average hit -4.10, a reading that falls in the bottom 0.13% of all observations since 2013.
Only ...Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 0/2
In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.