ADABTC Shows bullishness, despite bearish sentiment. $ADA
BTC is bottoming out, yet many are overly bearish at the bottom.
This is typical of markets.
Either way, trading the BTC pair for a lot of tokens is imperative for getting the full picture.
BTC, NOT USD, is the king in this market, and thus, it is what you should trade against, using your analysis of bitcoin as a macro guide. The net USD result will be your alt coin gain in BTC multiplied by the USD value. If BTC's moves cause volatility in the price of alts, how can you chart them correctly without consulting the pair?
This is typical of markets.
Either way, trading the BTC pair for a lot of tokens is imperative for getting the full picture.
BTC, NOT USD, is the king in this market, and thus, it is what you should trade against, using your analysis of bitcoin as a macro guide. The net USD result will be your alt coin gain in BTC multiplied by the USD value. If BTC's moves cause volatility in the price of alts, how can you chart them correctly without consulting the pair?
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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.