Bitcoin & Alts at very Critical Level - DON'T Trade Please
#BTC TA Update:-
Right now, Bitcoin Dominance is at a very critical level i.e, monthly Level 61.98.
61.98 Level has been tested 5 times in the past. And has been rejected.
As of 21-Sep-2020, It is testing this level again 6th TIME.
I Advise you all not to trade for 1 or 2 days maybe, because 61.98 level either has to be broken or has to be respected(retraced).
► Two Possible Scenarios from here:
1. If Daily Candle closes above 61.98 Level, Then BTC Price is gonna PUMP and Alt Coins are gonna dump more.
In that case, If Candle closes above 61.98 then place BUY orders on ALTS at Demand ZONES/Support Zones.
2. If Daily Candle gets rejected again from 61.98 Level, then Alts are gonna pump during the retracement of BTC dominance.
Just Memorize This Concept:
If Bitcoin Dominance Increases & Bitcoin Price Increases >>>>> Alt-Coins are gonna DUMP
If Bitcoin Dominance Increases & Bitcoin Price Decreases >>>>>Alt Coins & BTC are gonna DUMP (Keep USDT at this moment)
If Bitcoin Dominance Decreases & Bitcoin Price Increases >>>> Alt Coins Gonna PUMP (Alt Season)
Right now, Bitcoin Dominance is at a very critical level i.e, monthly Level 61.98.
61.98 Level has been tested 5 times in the past. And has been rejected.
As of 21-Sep-2020, It is testing this level again 6th TIME.
I Advise you all not to trade for 1 or 2 days maybe, because 61.98 level either has to be broken or has to be respected(retraced).
► Two Possible Scenarios from here:
1. If Daily Candle closes above 61.98 Level, Then BTC Price is gonna PUMP and Alt Coins are gonna dump more.
In that case, If Candle closes above 61.98 then place BUY orders on ALTS at Demand ZONES/Support Zones.
2. If Daily Candle gets rejected again from 61.98 Level, then Alts are gonna pump during the retracement of BTC dominance.
Just Memorize This Concept:
If Bitcoin Dominance Increases & Bitcoin Price Increases >>>>> Alt-Coins are gonna DUMP
If Bitcoin Dominance Increases & Bitcoin Price Decreases >>>>>Alt Coins & BTC are gonna DUMP (Keep USDT at this moment)
If Bitcoin Dominance Decreases & Bitcoin Price Increases >>>> Alt Coins Gonna PUMP (Alt Season)
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