miloceleste.w

Potential entry for altcoin positions if bitcoin moves

FTX:BTCPERP   Bitcoin Perpetual Futures
36 views
1
I am waiting for BTC to move a step higher before I consider entering the market. If it somewhat follows the pattern seen I will be looking to enter into a number of altcoin positions.

Reasons:
- In the 2017 crash BTC rebounded 65% before crashing again
- If there is another leg up this will push the rebound above 70%
- Altcoins follow BTC so will likely follow and go parabolic if BTC breaks ATMs - the chances of this increase greatly if BTC has another leg up

You can see a potential price movement in blue and an entry point in green, upon a pullback.

Comments

The whales don't repeat such patterns
Reply