toptrendtrader

better to take profit on altcoins

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Dear traders
I believe it is better to take profit or exit on altcoins because BTC.D is reaching critical levels (52_50) which have been strong support zones for it.
it is highly probable that we see a strong movement to upside from (50_52) zone to (59_62) zone which definitely will result in altcoins pullback season.
there is also a minimal chance of break below 50 level which can be bullish for alts and can result in a great altseason continuation, this move can target (40_38) zone.
I won't take risk. I have started taking profit and exiting from altcoins for now and I believe the next movement for dominance would be to upside but if any downside movement happens I will enter to altcoin market again.(if such a thing happen I will definitely post a new idea for it).

please follow me and LIKE my ideas.
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