BTC (Y20.P5.E5).Macro. Maintaining the trend.BUT
Updated
Hi All,
If you were fortunate like me to recognise the signs on a big move, your flight to BTC or USD or combined would have paid off.
This time, I made the move, ditched most of my ALTs for High gains in BTC and after coming back from the gym, I was glad I made that move.
I did a post just before this one about the situation and my moves... I understand it takes trust and confidence to go with my suggestions, hopefully you will recognise my strategy and implement it yourself. Getting the BTC dominance right is a huge deal, it worked for me many times.
Moving on, here on the 8hrly, BTC is maintaining the trend and a nice bullish candle in the making.
Indicators are also showing a potential up move.
What is needed is the 8 hrly candle to close. We have a few hours to go so anything can happen.
I have posted the BTC or FTX BULLUSD token as I did buy some on that wick down and now i'm ahead.
I have my stop limits and if it ends up with a bullish candle, eg. no wick on the top side, I will buy with what little money I have (from ridding some of the ALts).
So in CONCLUSION:
======================================
We need the bullish candle close;
We need to see BTC dominance hold this level;
and we need to see the ALTs slightly drop more as it can be people flipping to BTC.
THE BEARISH NEWS:
======================================
We have onchain vs spot volume ratio indicating that we are weak\low and historically when this happened soon, price dropped significantly.
My thoughts, we might get another leg up in the 19400 to 19650 or so range and then it dumps.
This can be explained and likely as it approaches 20K, the psychological barrier.
So the onchain vs spot volume chart confirms or backs the thesis.
What do you think of this TA?
Please give me a like or tick for this post.
Thanks,
S.SAri
If you were fortunate like me to recognise the signs on a big move, your flight to BTC or USD or combined would have paid off.
This time, I made the move, ditched most of my ALTs for High gains in BTC and after coming back from the gym, I was glad I made that move.
I did a post just before this one about the situation and my moves... I understand it takes trust and confidence to go with my suggestions, hopefully you will recognise my strategy and implement it yourself. Getting the BTC dominance right is a huge deal, it worked for me many times.
Moving on, here on the 8hrly, BTC is maintaining the trend and a nice bullish candle in the making.
Indicators are also showing a potential up move.
What is needed is the 8 hrly candle to close. We have a few hours to go so anything can happen.
I have posted the BTC or FTX BULLUSD token as I did buy some on that wick down and now i'm ahead.
I have my stop limits and if it ends up with a bullish candle, eg. no wick on the top side, I will buy with what little money I have (from ridding some of the ALts).
So in CONCLUSION:
======================================
We need the bullish candle close;
We need to see BTC dominance hold this level;
and we need to see the ALTs slightly drop more as it can be people flipping to BTC.
THE BEARISH NEWS:
======================================
We have onchain vs spot volume ratio indicating that we are weak\low and historically when this happened soon, price dropped significantly.
My thoughts, we might get another leg up in the 19400 to 19650 or so range and then it dumps.
This can be explained and likely as it approaches 20K, the psychological barrier.
So the onchain vs spot volume chart confirms or backs the thesis.
What do you think of this TA?
Please give me a like or tick for this post.
Thanks,
S.SAri
Note
Some alts will be moving up.eg XRPNote
Note how the daily 10 EMA got touched just now.Buy the dips. The Alts should be better
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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