ALTS Preparing For Correction, After tht 1Trillion Dollar MCAP.
Updated
Hello Dear Traders,
In last Post i disscussd about btc trading in falling channel.
Now we will discuss what's cooking in ALTS MARKETCAP, In chart u can see when alts mcap tested 880B Mark immediately we seen sell off in alts.
on daily timeframe big red candle formed and after tht quickly alts regained bullish momentum.
BTC dominance Tested 55%, Dominance below 60% is great for alts. bt as we seen frm so many days dominance was continuously drooping finally when it tested 55% mark we seen solid support. i m expecting BTC dominance will rise from here and test again 60% mark.
Alts mcap is also looking very much exhausted, we need healthy correction, next strong demand will come at 650B mcap.
after tht alts will again pump hard and will cross iconic 1 Trillion dollar marketcap.
Dont go heavy in alts, wait for correction.
In last Post i disscussd about btc trading in falling channel.
Now we will discuss what's cooking in ALTS MARKETCAP, In chart u can see when alts mcap tested 880B Mark immediately we seen sell off in alts.
on daily timeframe big red candle formed and after tht quickly alts regained bullish momentum.
BTC dominance Tested 55%, Dominance below 60% is great for alts. bt as we seen frm so many days dominance was continuously drooping finally when it tested 55% mark we seen solid support. i m expecting BTC dominance will rise from here and test again 60% mark.
Alts mcap is also looking very much exhausted, we need healthy correction, next strong demand will come at 650B mcap.
after tht alts will again pump hard and will cross iconic 1 Trillion dollar marketcap.
Dont go heavy in alts, wait for correction.
Comment
1 Trillion dollar touchedTrade closed: stop reached
Things not worked as expected
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