Be Cautious With ALTS!

Tighten your stops & be extremely cautious with Altcoins!

BTC Dominance is breaking out of a perfect Ascending Triangle

Target 1 coincides with the projected MA200 and Major Support zone from 2018-2019

Target 2 coincides with the projected MA300 and Major Horizontal level

If this setup fully plays out, get ready for some blood bath in Alts against Bitcoin in the next couple of months




What do you think about it? Share your thoughts in the comments!



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ความคิดเห็น:

Surprisingly that was a bull trap and the ascending triangle eventually resolved to the downside. Currently we're having some relief rally in Alts which can turn into a decent Altseason

I think we will ultimately make a lower low on the dominance this cycle (however I was expecting it to take place definitely not in Q3. We're not close to it, but let's see)

Use 47.6% on BTC.D to manage your risk

ความคิดเห็น:

Altseason at it's prime!