NiceAlts bounce last night. There are some great shorting opportunities in the altbtc market at this time. Im gonna take a look around and see which one is the most shortable.
Good Luck Gents,
Mr. Manbearpig
Good Luck Gents,
Mr. Manbearpig
Comment:
welp... time to take a break. Looks like I was wrong. That dailey divergence wasnt oversold enough it just feels like this drop is more of a consolidation rather than a continuation. Maybe the dominance chart behaves differently that ALTBTC and BTCUSD pairs when it collapses. Because if you think about it regular markets bounce on the way up and jump off the cliff. Well if this is true then that means that in order for altbtc pairs to start taking off the dominance needs to bounce down and spike up. I never though of it that way but if you think of it thats exactly what dominance is... ALTBTC price action in reverse.
Comment:
Good time to go short ALTBTC
Trade closed manually