ALT dominance (Y20.P2.E17.v2).MACRO.Bullish long term****** continuation from the previous post *********
As I stated if you don't time it right, you miss out on a great opportunity.
Note the bullish divergence playing out.
As I stated previously, the strategy here is\was important to compound your trades.
BTC dominance has hit the support level and now most of the Alts including ETH are dropping against it.
If you havn't acted, then you will just have to ride this out.
2nd chance, when its done, jump back straight into the ALTs.
Good luck.
Cheers,
Sam
My quote on LEND-BTC-Y20-P3-E3-v2-Gems-in-the-making-No-2/
MY THOUGHTS:
========================================================================
This is going to be a difficult thing to explain and even to implement, but if you do it right, you compound your earnings .
Scenario lay-ed out:
> We noted that when BTC rises quickly, the ALTS and their pairing fall back\behind of that impulse wave.
> We have noted, when BTC hits its resistance in an uptrend, the ALT pairing bounce quickly behind.
> However if BTC makes a break, like this likely position of 12 K, you can be sure that the ALT pairings will drop significantly.
> We have noted that the BTC dominance level is approaching the 0.618 retracement based on my chart reference (refer to previous BTC dominance post, link below)
So you can expect the ALTs will take a hit, but after that, the ALTS will rise especially those DeFi and ETH the most.
With that scenario in mind, where we enter LEND is critical, otherwise you can take a hit because of the above points, so you must be quick to react.
The safer play is have only BTC and ETH until we hit $12500 or $13800 for bitcoin OR $465 to $508 for ETH
Otherwise roll the dice with me and buy up LEND, KAVA, SOL, LINK who have demonstrated parabolic structure.
Some are about to finish and start a pullback while others are looking to start the 2nd leg.
