Here we can see some range play happening just under resistance on the weekly chart, this has been great for alts but we will likely see a shift in dominance once the range ends. I've not put a direction on this as I'm seeing concerning signs on the monthly, but this weekly looks a chance to breakup with a bullish engulfing just under resistance as the range narrows.
This noob doesn’t even realize that 1x leverage on Coin Futures doubles your profits/losses so you probably shouldn’t listen to him for trading . Let me explain it to ya fresh prince , lil class lesson .
If you’re on 1x leverage on Coin Futures , such as Coin-M on Binance , and you are in profits , you are not only taking profits in dollars but your Bitcoin is also growing . It’s double profits or losses . If you open a long trade with .25 bitcoin as collateral and go up 100% on 1x leverage you would then have .50 bitcoin after closing . Your original .25 would also be up , because you longed . You’d be double in profits .
Go back to the books now noob
Myth0logic
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Agreed. Green dot on the daily chart (Market Cipher A) appeared for the first time since October. Not sure if that's based on the golden cross or not, but it seems to bode well. Projecting anywhere from 5-11 days of ranging to let the tier 2,3,& 4 alts make some runs, then it's off to a 3-5x for BTC.