Hello traders,
I am waiting for a break above the resistance in the chart before being confident in increasing my exposure in ALTS. BTC is still indecisive and, as you know by now, in a similar situation, ALTS are very risky. Indeed, if BTC pumps, they will underperform. In the unlikely scenario that BTC made a double top instead, the will underperform as well losing much more than BTC.
Also, by Zooming-out, despite the last few days small pumps of small coins, due to the btc indecision and consequent sideways movements, ALTS are still well underperforming BTC.
Also, as you can see, we stopped at the retracement area, meaning that a prolonged downward scenario is not unlikely. I do not believe it will be that strong, but the target for that eventual movement corresponds to the January minimum for ALTS, which was registered exactly when BTC was pumping.
My suggestion is to always check these indices for ALTS: ALTPERP, SHITPERP and MIDPERP, available in the exchange on the chart - check my bio for info.
I am waiting for a break above the resistance in the chart before being confident in increasing my exposure in ALTS. BTC is still indecisive and, as you know by now, in a similar situation, ALTS are very risky. Indeed, if BTC pumps, they will underperform. In the unlikely scenario that BTC made a double top instead, the will underperform as well losing much more than BTC.
Also, by Zooming-out, despite the last few days small pumps of small coins, due to the btc indecision and consequent sideways movements, ALTS are still well underperforming BTC.
Also, as you can see, we stopped at the retracement area, meaning that a prolonged downward scenario is not unlikely. I do not believe it will be that strong, but the target for that eventual movement corresponds to the January minimum for ALTS, which was registered exactly when BTC was pumping.
My suggestion is to always check these indices for ALTS: ALTPERP, SHITPERP and MIDPERP, available in the exchange on the chart - check my bio for info.
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Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.