The next 3-4 weeks are expected to be the time for Altcoins
Today, we will analyze the relationship between Total 2 and BTC.D to strategize whether to hold onto altcoins or take profits.
First, BTC.D is undergoing a correction spanning from the daily (D1) to the weekly (W) timeframe and currently stabilizing within the monthly (M) timeframe (December candlestick). This correction is expected to last 4-6 weeks (personal estimate), during which BTC’s market dominance will decrease, leading to slight value declines. The extent of this decrease will depend on TOTAL.
Second, TOTAL 2 is showing a strong bullish cycle across daily (D1), weekly (W), and monthly (M) timeframes (as seen in the chart). This indicates that the coming weeks will be a highly active period for altcoins, especially those exhibiting robust upward structures on the W and M frames.
Feel free to comment if you'd like to receive a curated list of altcoins selected by BOT RAINBOW.
First, BTC.D is undergoing a correction spanning from the daily (D1) to the weekly (W) timeframe and currently stabilizing within the monthly (M) timeframe (December candlestick). This correction is expected to last 4-6 weeks (personal estimate), during which BTC’s market dominance will decrease, leading to slight value declines. The extent of this decrease will depend on TOTAL.
Second, TOTAL 2 is showing a strong bullish cycle across daily (D1), weekly (W), and monthly (M) timeframes (as seen in the chart). This indicates that the coming weeks will be a highly active period for altcoins, especially those exhibiting robust upward structures on the W and M frames.
Feel free to comment if you'd like to receive a curated list of altcoins selected by BOT RAINBOW.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.