Hi guys, For me the ELON effect is going on. We saw a dump in BTC.D in January but it should rebound in Feb.
BTC (and all crypto) is following the parabola path and it means : creating a bowl/cup for consolidation, then a handle, then a leg up. Level after level after level. We see it on the macro and the micro.
So it think we wil retry ATH at 41.8k and fail. Then a little dump to retry again and SUCCESS, creating a new ATH.
Hi thanks for the accurate chart. What’s your strategy about alts ? Put stop loss ? Or hold until it pop again ?
The_Father_of_Crypto
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@nicolasEcole Alts only pop when BTC is accumulating. If it starts to move only the leaders will continue. For now I think we are near local top for DEFI coins. I will look at the majors next.