djputt100

ALTS WILL ONLY LOSE.

Short
KRAKEN:LTCBTC   Litecoin / Bitcoin
After the LTC fork, we saw btc going from July lows of 9100 to 12000. Ltc saw some downside in terms of bitcoin which should continue for the next few months. BTC dominance is at the highest at 68% at the time of writing, aiming for 80% which seems to be the likely scenario at the moment. Futhermore, eth/btc will drop to sub 0.015 levels (0.019 at the time of writing)

ALT Season is still very far, maybe by the end of the year we see the start of alt season or at the beginning of 2020 (could also be postponed to mid 2020).

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.