Bitcoin - avoid at all cost! Buy altcoins instead (+50% to 500%)

May 11

Don't buy Bitcoin for a +1% or +2% profit, instead buy altcoins for a +50% to 500% profit (depends on the market cap). In this analysis I will tell you which altcoins to buy and why!

First, let's look at technical analysis on Bitcoin on the daily chart. On the LOG scale we see an ascending channel or a bearish flag pattern, this is by definition a bearish price action. Usually you definitely don't want to buy or go long at the resistance of the channel - that's a technical error. If you believe the market is bearish, first wait for a strong breakout to 90k, and then wait for a retest of the channel, this is how experts trade breakouts. In this case the price is inside the channel, so there is a huge selling wall above the current price. There is still a possibility of going a little bit higher to 83k - 84k, but at this point the best option is to open a short position. We never short a resistance.

Bitcoin Dominance (BTCDOMUSDT.P) is bearish, which is a strong sign of an alt season. We see that the price is currently wanting to retest the main channel's support trendline:
So, what altcoins can you buy? If you want to trade with huge banks and institutions because they control the price of these coins, go for ADA, TRX, LINK, DOGE, BNB, XLM, XRP, and ETH. These are the bank's coins. Avoid Bitcoin because of BTC.D (Bitcoin Dominance) is falling, and this coin already pumped in recent months (a little bit).

If you want much more profit, then you can go with trading futures or trading small caps. If you want to know the technical analysis and potential of your altcoins, now you have a chance!

Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!

May 12

Note

The sooner you understand that crypto is a tool created by banks to monitor your life (all transactions are monitored and public), the better your life is going to be. Real money is cash or gold, not crypto, not Bitcoin.

In the EU, you now have to have a KYC, face recognition, and proof of funds, and for each incoming transaction to your account, you have to send a form and tell where the funds came from (what exchange, what wallet) and attach proof. If you see it, congratulations, you are smart. If you still don't see it - crypto is a prison created specifically by banks/governments.

May 13

Trade active

I expect an alt season, that's why I recommend buying altcoins. Bitcoin doesn't have to drop right away, it could go sideways in the next days/weeks.

May 13

Trade closed: target reached

Bitcoin is holding above 78k, so it remains bullish. But if 78k is lost, it will immediately drop to 58k in the next few weeks! 78k is an invalidation level for a bullish flag and ABC correction with a 1:1 FIB extension. 78k = breakdown confirmed!