BTC Short Limit - Alt Season coming?
Updated
Hello everyone,
I am posting this analysis to announce that I believe that BTC bear market confirmation will occur when BTCUSD rises to around $61,000. I believe ALT coins will rise drastically once BTC begins to rise and reaches this level and I plan to short BTC when this occurs.
Once BTC reaches this level I believe the entire market will fall with BTC and plan to DCA my favorite alt coins around this time next year.
Good luck. Happy Holidays!
I am posting this analysis to announce that I believe that BTC bear market confirmation will occur when BTCUSD rises to around $61,000. I believe ALT coins will rise drastically once BTC begins to rise and reaches this level and I plan to short BTC when this occurs.
Once BTC reaches this level I believe the entire market will fall with BTC and plan to DCA my favorite alt coins around this time next year.
Good luck. Happy Holidays!
Comment
Also would like to add that we could see more downside for the whole market if BTC does fall down to support at around 42k. I think this is likely, but it is crypto. It could just send it to my sell targets.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.