nice one after a long time
#Notice most of Alts were at monthly support so those are forming good signs for Mid term hold though some Up-downs can happen in prices due to uncertain FUDs, news etc
#Notice Alt season reversal attempt has appeared, after ETH started running, and is still running. BTC prospects still looking strong bullish but we need to set up for the alt moves now. Expect some turbulence as the price action of BTC experiences probable transition to sideways ranging... Alts may draw down 15%+ however if the market sentiment overall remains bullish this will be easy 50% + moves on alts over the next few days.
Bitcoin flash crashed last night down to $6,395 on Bitmex XBTUSD - looks positioning led on the derivatives side
Take into consideration this note...
#SELL [binance2] BTC/#KMD stop loss sold.
#Profit: 3.1%.
Close price: 0.0001624
#TRAILING_STOPLOSS_HIT
#Profit: 3.1%.
Close price: 0.0001624
#TRAILING_STOPLOSS_HIT
#Notice Our strategy is that whenever we establish a profit, we move the Stop Loss Higher than the buying price
#Notice BTC pumped by $700+ today which resulted in small correction of most of the alts..
BTC Dominance went up by 1% and some chances are there for another increment in that..
But it will from the Double TOP if BTC dominance goes up again which is good for Alts..
So If you are thinking for some Mid term run then Alts are not in worried condition as BTC dominance will decrease slowly in few days but BTC should not break resistance of $8500.
If BTC breaks that resistance then Alts will suffer bit more as BTC dominance will go up very fast that time..
We can keep some good alts in portfolio and some pumping alts also..
BTC Dominance went up by 1% and some chances are there for another increment in that..
But it will from the Double TOP if BTC dominance goes up again which is good for Alts..
So If you are thinking for some Mid term run then Alts are not in worried condition as BTC dominance will decrease slowly in few days but BTC should not break resistance of $8500.
If BTC breaks that resistance then Alts will suffer bit more as BTC dominance will go up very fast that time..
We can keep some good alts in portfolio and some pumping alts also..