ALT dominance (Y20.P2.E17.v2).MACRO.Bullish long term
Updated
****** continuation from the previous post *********
As I stated if you don't time it right, you miss out on a great opportunity.
Note the bullish divergence playing out.
As I stated previously, the strategy here is\was important to compound your trades.
BTC dominance has hit the support level and now most of the Alts including ETH are dropping against it.
If you havn't acted, then you will just have to ride this out.
2nd chance, when its done, jump back straight into the ALTs.
Good luck.
Cheers,
Sam
My quote on LEND-BTC-Y20-P3-E3-v2-Gems-in-the-making-No-2/
MY THOUGHTS:
========================================================================
This is going to be a difficult thing to explain and even to implement, but if you do it right, you compound your earnings .
Scenario lay-ed out:
> We noted that when BTC rises quickly, the ALTS and their pairing fall back\behind of that impulse wave.
> We have noted, when BTC hits its resistance in an uptrend, the ALT pairing bounce quickly behind.
> However if BTC makes a break, like this likely position of 12 K, you can be sure that the ALT pairings will drop significantly.
> We have noted that the BTC dominance level is approaching the 0.618 retracement based on my chart reference (refer to previous BTC dominance post, link below)
So you can expect the ALTs will take a hit, but after that, the ALTS will rise especially those DeFi and ETH the most.
With that scenario in mind, where we enter LEND is critical, otherwise you can take a hit because of the above points, so you must be quick to react.
The safer play is have only BTC and ETH until we hit $12500 or $13800 for bitcoin OR $465 to $508 for ETH
Otherwise roll the dice with me and buy up LEND, KAVA, SOL, LINK who have demonstrated parabolic structure.
Some are about to finish and start a pullback while others are looking to start the 2nd leg.
As I stated if you don't time it right, you miss out on a great opportunity.
Note the bullish divergence playing out.
As I stated previously, the strategy here is\was important to compound your trades.
BTC dominance has hit the support level and now most of the Alts including ETH are dropping against it.
If you havn't acted, then you will just have to ride this out.
2nd chance, when its done, jump back straight into the ALTs.
Good luck.
Cheers,
Sam
My quote on LEND-BTC-Y20-P3-E3-v2-Gems-in-the-making-No-2/
MY THOUGHTS:
========================================================================
This is going to be a difficult thing to explain and even to implement, but if you do it right, you compound your earnings .
Scenario lay-ed out:
> We noted that when BTC rises quickly, the ALTS and their pairing fall back\behind of that impulse wave.
> We have noted, when BTC hits its resistance in an uptrend, the ALT pairing bounce quickly behind.
> However if BTC makes a break, like this likely position of 12 K, you can be sure that the ALT pairings will drop significantly.
> We have noted that the BTC dominance level is approaching the 0.618 retracement based on my chart reference (refer to previous BTC dominance post, link below)
So you can expect the ALTs will take a hit, but after that, the ALTS will rise especially those DeFi and ETH the most.
With that scenario in mind, where we enter LEND is critical, otherwise you can take a hit because of the above points, so you must be quick to react.
The safer play is have only BTC and ETH until we hit $12500 or $13800 for bitcoin OR $465 to $508 for ETH
Otherwise roll the dice with me and buy up LEND, KAVA, SOL, LINK who have demonstrated parabolic structure.
Some are about to finish and start a pullback while others are looking to start the 2nd leg.
Note
looking at LINK and KAVA, they are doing well against this event, well for now anyway.Note
***********************************FYI, I stuffed up with the title, it should be short term.
***********************************
Trade closed: target reached
Target reached with the correct call being the breakout of BTC will align with the bounce on the key level of support.Where from here. It looks like BTC has more to go, $12775? next which might align with the resistance for BTC and reversal or maybe more to go.
Note
BTC dominance on the rise. More to go I think for some Alts havent reached their fib levels for a decent bounce.BTC DOM Chart
ALT samples, stalking KAVA
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This community has signals now but with no risk management comms.
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