Currently facing a huge sell wall at 3,200. Could make a sharp pullback right above the demand zone and after that happens, we're looking for BTCUSD to go to 3,600.
Those who profited from altcoins will soon move to BTC, thus increasing the buying demand.
Also, during pullbacks, it is a nice idea to hedge to altcoins using the BTC pair. So, whenever BTC drops, you still increase the amount of BTC you have by buying altcoins. But when BTC moves up again, sell your altcoin (in the BTC market) and move back to BTC.
Those who profited from altcoins will soon move to BTC, thus increasing the buying demand.
Also, during pullbacks, it is a nice idea to hedge to altcoins using the BTC pair. So, whenever BTC drops, you still increase the amount of BTC you have by buying altcoins. But when BTC moves up again, sell your altcoin (in the BTC market) and move back to BTC.
Comment:
BTC buyers are too excited. prolly because of FOMO. it's starting to hit people from EU. Then US would come in pushing this upwards to 3600.
Comment:
We're getting out from 3220
DMI green line is decreasing meaning buying pressure is slowly subsiding. But prices should go back up based o the Godmode indicator.