Good afternoon,
Since it looks like we have the confirmation in sentiment and in price of bitcoin we will see new liquidity come into the game so i will look now where to put my money first.
As i look in the btc dominance chart we see that it is making a bear flagg. from now it is a gamble what will happend cause it can either break out at two sides.
I draw two options:
One is a breakout to the upside confirmed by a retest, my expactions is that we will revisit any where near the 56-60. before any major shift will happend that is really positive for alts.
BTC will go up to a new ath. Alts will go up as well but less compare to btc.
Two is a break down to make kind of a bouble bottom or even lower. This will make alts go insane, BTC price going up and btc.d going down is magic.
I play my hands in a 75% alts and 25% btc.
We dont know exactly what will happend in the next month but like this im prepared for both the bull scenarios.
This is not financial advise.
Trade Safe
Since it looks like we have the confirmation in sentiment and in price of bitcoin we will see new liquidity come into the game so i will look now where to put my money first.
As i look in the btc dominance chart we see that it is making a bear flagg. from now it is a gamble what will happend cause it can either break out at two sides.
I draw two options:
One is a breakout to the upside confirmed by a retest, my expactions is that we will revisit any where near the 56-60. before any major shift will happend that is really positive for alts.
BTC will go up to a new ath. Alts will go up as well but less compare to btc.
Two is a break down to make kind of a bouble bottom or even lower. This will make alts go insane, BTC price going up and btc.d going down is magic.
I play my hands in a 75% alts and 25% btc.
We dont know exactly what will happend in the next month but like this im prepared for both the bull scenarios.
This is not financial advise.
Trade Safe
Comment:
Looks like we are heading south. Good for Alts, if btc will go up
Comment:
Looks like we are heading to the blue box, enjoy the ride