Be Cautious With ALTS!
Updated
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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The information given is never financial advice. Always do your own research
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!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates
The information given is never financial advice. Always do your own research
Note
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
Note
Altseason at it's prime!
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