β οΈ Altcoins at Critical Resistance π Time to Tread Carefully π¨
Hey traders! Professor here π. Today, let's talk about something crucial: the 'Total 3' chart, which looks at the entire altcoin market minus Bitcoin and Ethereum. π
Right now, we're at a significant resistance level on the 8-hour chart. π No breakout yet, making it risky to jump in. We might see some downside before going up, so keep an eye on the $335B and $319B levels. π―
Bottom line: I'm staying cautious with alts for now and leaning more towards Bitcoin. Let's be smart and keep our eyes peeled. π
Comments and thoughts are welcome! Let's discuss! π¨οΈ"
PS. We buy BIG if we see a breakout over the channel!!!!!
One Love,
The FXPROFESSOR π
Right now, we're at a significant resistance level on the 8-hour chart. π No breakout yet, making it risky to jump in. We might see some downside before going up, so keep an eye on the $335B and $319B levels. π―
Bottom line: I'm staying cautious with alts for now and leaning more towards Bitcoin. Let's be smart and keep our eyes peeled. π
Comments and thoughts are welcome! Let's discuss! π¨οΈ"
PS. We buy BIG if we see a breakout over the channel!!!!!
One Love,
The FXPROFESSOR π
Comment:
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