Trading Crypto Coach
My new quick view on BTC: https://www.tradingview.com/chart/BTCUSD/vjK0KZYI-BTC-Bottom-forming/
Some updates from the article
I think BTC would reach its temp peak more or less around 59-60k, altcoins gonna sideways during this time till BTC goes sideways after reaching the year's peak. So, it's time to position well if you trade Altcoins.
BTC Dominance continues to increase along with BTC price from end of last month till now which boosting Altcoin going along with this. I expect this trend would continue for a while especially when BTC is about to make ATH this week. If BTC dominance is along with BTC rise then Altcoins are also increasing. Unless we see BTC price drops and BTC dominance increases then it's not a good time to hold Altcoins. In short, we are looking for BTC dominance drops. But it is not a case at this moment. Alts are ok to go a bit up more, but not really attractive till BTCDOM drops.
BTC made a bull run for ATH as updated last time. Altcoins after going sideways for a while also try to catch up the gain today. Congrats all for this historic moment of BTC. It signals positive things especially during all the FUD from China last month.
From ETHBTC chart you can see a clear inverse relation between ETHBTC and BTCDom. It signals a great amount of fund flows into ETH after BTCDom made a peak.
Trading Crypto Coach
ETH is close to its potential range, time your own exit
new expectation for eth
Trading Crypto Coach
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ETH is still outperforming to BTC during this time when the BTC Dom is on the way down.