Good evening,
I'm excited to report that, after what was a bit of a rear-tightening experience, I believe the worst is over. On BTCUSD 4hr we've printed a higher low and are on the way to a higher high. Seems to have good pressure. Just watch this last candle to really confirm. But the energy seems to be there. If you're risk adverse, I'd recommend awaiting another higher high and higher low.
What's super interesting to me personally is what we're seeing on the dominance chart. We got a solid bounce on that. Still working to understand the relationship, but the concept would be the alts bled more off in the drop than btc did (mostly)... so does this mean if dominance is rising as well the atls will continue to bleed when we see a rise in btc? I can only hope that it is as I chose to exit many of my positions before we hit bottom to prevent blood loss. I had hoped it was the right move. We'll know shortly.
Have a great evening and please be safe out there.
-Pika
I'm excited to report that, after what was a bit of a rear-tightening experience, I believe the worst is over. On BTCUSD 4hr we've printed a higher low and are on the way to a higher high. Seems to have good pressure. Just watch this last candle to really confirm. But the energy seems to be there. If you're risk adverse, I'd recommend awaiting another higher high and higher low.
What's super interesting to me personally is what we're seeing on the dominance chart. We got a solid bounce on that. Still working to understand the relationship, but the concept would be the alts bled more off in the drop than btc did (mostly)... so does this mean if dominance is rising as well the atls will continue to bleed when we see a rise in btc? I can only hope that it is as I chose to exit many of my positions before we hit bottom to prevent blood loss. I had hoped it was the right move. We'll know shortly.
Have a great evening and please be safe out there.
-Pika
Comment:
We do need a higher high. Got our higher low. Awaiting higher high.
Comment:
Comment:
We didn't get it and now we'll fall for it.
Comment:
Alan Master preaches patience. I allowed my emotions to get me and topple me in this trade and will learn better. But the idea was right.