Where alts Market going? -Hindi #alts #bitcoin
we are near top of bull season as per btc dominance chart.. BTC dominance 40 means we r in top of alts season and now $btc dominance near 45%.. Now market will wait for fresh investment.. and it will come in BTC first.. so there is two situation
1. if btc price jump hard in 6 month than alts will dump in same period , but they will bounce back once btc stable at any point..
2. if btc price dump to 20,000 in coming month than alts will dump badly and near 50% project will dead and take long time to recover..
So at the moment Use Sell on Rise strategy and trade alts for small target and small timeframe... Holding alts good when btc dominance above 65% and alts run at all time low... now many alts only hold price base on speculation no real revenue in those coin...
Market not like Q1 where we bought anything and it was pumped.. now we need to more active and careful and than we able to get small profit...
1. if btc price jump hard in 6 month than alts will dump in same period , but they will bounce back once btc stable at any point..
2. if btc price dump to 20,000 in coming month than alts will dump badly and near 50% project will dead and take long time to recover..
So at the moment Use Sell on Rise strategy and trade alts for small target and small timeframe... Holding alts good when btc dominance above 65% and alts run at all time low... now many alts only hold price base on speculation no real revenue in those coin...
Market not like Q1 where we bought anything and it was pumped.. now we need to more active and careful and than we able to get small profit...