HI.
We can see the Bitcoin domination chart.
Every time Bitcoin fell into a channel, alt season occured.
And then Bitcoin regain dominance and left altcoins way behind.
That happend 3 times in 2020, we had great gains in several altcoins
but now it is time for Bitcoin to shine.
We can see a formated channel and strong support lines. If Bitcoin catches these lines and breaks out of the channel, it is over for alts for some time.
So if you trade altcoins, do it in BTC pair and use Stoploss.
Regards
We can see the Bitcoin domination chart.
Every time Bitcoin fell into a channel, alt season occured.
And then Bitcoin regain dominance and left altcoins way behind.
That happend 3 times in 2020, we had great gains in several altcoins
but now it is time for Bitcoin to shine.
We can see a formated channel and strong support lines. If Bitcoin catches these lines and breaks out of the channel, it is over for alts for some time.
So if you trade altcoins, do it in BTC pair and use Stoploss.
Regards
Note
Bitcoin doing his thing.. sucking life from altcoins. As predicted.
“If you personalize losses, you can't trade.”
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.
“If you personalize losses, you can't trade.”
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.