#BTC Dominance weak! More gains for alts?
Hello everyone welcome to this quick update.
BTC had an amazing day yesterday. People who followed my 9k strategy when btc was hovering around 7200 must be in big gains.
I sold 40% of my BTC around $9300 and bought back around $8500. Good scalp and increased by BTC stack.
COMING BACK TO THIS CHART:
Dominance is retracing so far and IMO it will either get a bounce from .382 level or .50 level which will eventually allow traders to make some more profits from Altcoins. I believe BTC COULD MOVE SIDEWAYS for few days which will provide room for alts to grow.
I would suggest holding maximum percentage of your Portfolio in BTC.
MACD -> Approaching bearish crossover
MA 200 -> COINCIDES WITH THE O.5 FIB LEVEL SO THIS POINT SEEMS LIKELY to me to be retraced soon.
I'll update more charts stay tuned and hit the like button if my work helps you in any way.
Thanks again
#PEACE
BTC had an amazing day yesterday. People who followed my 9k strategy when btc was hovering around 7200 must be in big gains.
I sold 40% of my BTC around $9300 and bought back around $8500. Good scalp and increased by BTC stack.
COMING BACK TO THIS CHART:
Dominance is retracing so far and IMO it will either get a bounce from .382 level or .50 level which will eventually allow traders to make some more profits from Altcoins. I believe BTC COULD MOVE SIDEWAYS for few days which will provide room for alts to grow.
I would suggest holding maximum percentage of your Portfolio in BTC.
MACD -> Approaching bearish crossover
MA 200 -> COINCIDES WITH THE O.5 FIB LEVEL SO THIS POINT SEEMS LIKELY to me to be retraced soon.
I'll update more charts stay tuned and hit the like button if my work helps you in any way.
Thanks again
#PEACE
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