ALTs (LTC) vs BTC strategy (Y20.P2.E1).Macro.When to flip
Hi All,
The question about which ALTs to go with in a uptrend market is one that everyone is likely to ponder on of late as well as when to flip to BTC , are very important to your strategy.
I thought, lets sample some coins and LTC is the 1st for this post.
I did a ETH. BTC post some time back and I will revisit this as well, next.
I have taken the liberty, on a large screen to split LTC. BTC \ BTC .USD \ LTC.USD as per chart.
I have used the colour coated arrows to represent a specific period at a pivot point to correlate against each other.
Really, the remaining you can conclude yourself.
What I have taken from these charts are 3:
1) When BTC moves sideways in an uptrend, the ALTs do better, they proceed to moving up.
2) At the MACRO level, the key to flipping from ALT to BTC in this case LTC, is knowing your target.
Once the ALT has reached its target, is starts to fade away quickly against BTC .
It seems BTC has more room to the upside whereas the ALT (LTC) stops in its tracks and begins its down trend.
That's what I'm taking from this exercise as a major component to watch.
3) LTC versus BTC is in a downward channel and over the longer period of years, BTC fairs better, however at this point, LTC is better to trade with than BTC until we hit its target.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Macro.charts)
My LTC Macro hypothesis. I have LTC to potentially over perform (wick out) the upper trend-line.
The question about which ALTs to go with in a uptrend market is one that everyone is likely to ponder on of late as well as when to flip to BTC , are very important to your strategy.
I thought, lets sample some coins and LTC is the 1st for this post.
I did a ETH. BTC post some time back and I will revisit this as well, next.
I have taken the liberty, on a large screen to split LTC. BTC \ BTC .USD \ LTC.USD as per chart.
I have used the colour coated arrows to represent a specific period at a pivot point to correlate against each other.
Really, the remaining you can conclude yourself.
What I have taken from these charts are 3:
1) When BTC moves sideways in an uptrend, the ALTs do better, they proceed to moving up.
2) At the MACRO level, the key to flipping from ALT to BTC in this case LTC, is knowing your target.
Once the ALT has reached its target, is starts to fade away quickly against BTC .
It seems BTC has more room to the upside whereas the ALT (LTC) stops in its tracks and begins its down trend.
That's what I'm taking from this exercise as a major component to watch.
3) LTC versus BTC is in a downward channel and over the longer period of years, BTC fairs better, however at this point, LTC is better to trade with than BTC until we hit its target.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Macro.charts)
My LTC Macro hypothesis. I have LTC to potentially over perform (wick out) the upper trend-line.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
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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