When should you trade ALTs? Here's the level to watch:
The market cap of Altcoins is currently facing a significant challenge in surpassing the 
630 billion benchmark. However, a notable surge in Altcoin activity is expected once this level is breached. Notably, the current BTC dominance of 48% can be attributed to the fact that most ALTs have broken their BTC-pair support. Consequently, if BTC experiences a downturn, the ALTs will likely be adversely affected since they have limited support!
Therefore, it would be prudent to closely monitor the 630B mark if you are considering trading ALTs. A breach of this level could signal a favorable opportunity to enter the market. Still, it is crucial to stay vigilant and manage your risk accordingly, given the current market dynamics.
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Recent Altcoin trades:
ARB / USDT: 5% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
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Ongoing trades to keep an eye on:
DOGE / USDT: TP1 met and still going
XRP / USDT: TP2 met and still going
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
630 billion benchmark. However, a notable surge in Altcoin activity is expected once this level is breached. Notably, the current BTC dominance of 48% can be attributed to the fact that most ALTs have broken their BTC-pair support. Consequently, if BTC experiences a downturn, the ALTs will likely be adversely affected since they have limited support! Therefore, it would be prudent to closely monitor the 630B mark if you are considering trading ALTs. A breach of this level could signal a favorable opportunity to enter the market. Still, it is crucial to stay vigilant and manage your risk accordingly, given the current market dynamics.
-------------------------------------------
Recent Altcoin trades:
ARB / USDT: 5% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
-------------------------------------------
Ongoing trades to keep an eye on:
DOGE / USDT: TP1 met and still going
XRP / USDT: TP2 met and still going
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
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