A brief alt bleed, then the greens of Alt Spring arrived.
I would like to expand on a clue I got from Alan Masters this morning. If you're not following Alan, he's the guru of Alts and well living. @AlanSantana is a leader in the space. But enough of his greatness.
Alan said this morning that we're heading into a lot of wide sideways action for BTC. Ranging between the early 80's all the way to 42 as we shake paper hands alts will respond with equal volatility, typically north. We'll see dominance drop a little, but stay consistent. But Total Cap less BTC.... as we can see that's flying north. An inflow of money is coming to the alts while BTC rests from powering the greatest crypto run yet.
Now is a time to perfect your tools and gather strength. Wolfpack is showing that we need to bleed a little more. I would expect a 5-15% bleed out here as an echo of previous moves. After that you'll be standing on pretty green grass.
As a side note, energy is leaving Doge. I do fear that the Doge run will cause mistrust of new users in the market. While most of us are saying "thank heavens for stop losses" most people in Doge just lost money to Grayscale. Welcome them and teach them kindly how to not get burned and manage risk.
Be kind to each other. And follow Alan closely. He'll lead you where you need to go.
Not trading advice... a little life advice. Sryl
Alan said this morning that we're heading into a lot of wide sideways action for BTC. Ranging between the early 80's all the way to 42 as we shake paper hands alts will respond with equal volatility, typically north. We'll see dominance drop a little, but stay consistent. But Total Cap less BTC.... as we can see that's flying north. An inflow of money is coming to the alts while BTC rests from powering the greatest crypto run yet.
Now is a time to perfect your tools and gather strength. Wolfpack is showing that we need to bleed a little more. I would expect a 5-15% bleed out here as an echo of previous moves. After that you'll be standing on pretty green grass.
As a side note, energy is leaving Doge. I do fear that the Doge run will cause mistrust of new users in the market. While most of us are saying "thank heavens for stop losses" most people in Doge just lost money to Grayscale. Welcome them and teach them kindly how to not get burned and manage risk.
Be kind to each other. And follow Alan closely. He'll lead you where you need to go.
Not trading advice... a little life advice. Sryl