BTC.D facing a strong Resistance. Time to LONG ALTS?
Continuation to my previous idea post on 27th May
Longing ALTS now is very attractive if we are only to trade based on BTC.D.
Unfortunately,
1. BTC still trending sideways and is currently at a local resistance (31.5k at time of post).
2. ALTS are also facing the resistance barriers (eg: ETH 1875, LINKUST 9 and etc.)
If the first few hourly candles are green (of course there are many other confluence that I see but this is just a sign that the price has higher chances to go up), I am going long ALTS, else this idea is negated and I will short BTC.
Idea to use BTC.D here is SIMPLE.
Long ALTS if we expect pumps.
Short BTC if we expect dumps.
Longing ALTS now is very attractive if we are only to trade based on BTC.D.
Unfortunately,
1. BTC still trending sideways and is currently at a local resistance (31.5k at time of post).
2. ALTS are also facing the resistance barriers (eg: ETH 1875, LINKUST 9 and etc.)
If the first few hourly candles are green (of course there are many other confluence that I see but this is just a sign that the price has higher chances to go up), I am going long ALTS, else this idea is negated and I will short BTC.
Idea to use BTC.D here is SIMPLE.
Long ALTS if we expect pumps.
Short BTC if we expect dumps.