E557

Altcoins Are About To Moon Again - 'do the opposite of others'

Long
E557 Updated   
BITFINEX:BTCUSD   Bitcoin
Do you remember when I warned you several times in 2018 to buy Bitcoins at around $10000?
People insulted me and made fun of me.

Do you remember when I recommended you to buy bitcoins several times at around $3500?
Well now you see how much the price has risen. People who speculated lower targets and became greedy have now bought the top.

In the end, I was right. What is the secret? I'll tell you. Just do the opposite of the others and you will not go wrong. I have recommended it to you several times.

So what now? You see again how bearish the people have become - but this time not on Bitcoin.
Many people think the 'altcoins' are dead. Many expect that there will not be an 'alt season' like in 2017 again. Just look at the bearish titles in the chart. These are all news from the last week. If you do not believe me then use Google and look for yourself. Also on Tradingview you can find charts where some expect Bitcoin dominance to rise to 90%.

This means that people once again act purely out of emotions - as always. Just because altcoins has lost more value than Bitcoin for over a year, they think it's better to invest their money in Bitcoin. To be honest, I find that very good. If these people did not exist, we would not make any money.

And how can you now profit from it? The question is simple. If you finally want to make money then do the opposite of the whole 'experts'. That means investing your money in altcoins.
This could be one of the biggest hyperbubbles in history, as many either hold only bitcoins, switched to bitcoin, or are not in the market at all. Since the altcoins are at the bottom, the way up has become much bigger. This in turn means there is more money to be made. Once the altcoins start to rise, money is being pumped in alts from all sides.
As soon as they finally start to climb, we will see the big money.

Thanks for reading.

For those who do not know me, here are a few bitcoin and altcoin trades from before:





Some earlier altcoin trades with targets:






Comment:
Just a little note: It could be that Bitcoin dominance tests the MA200 in the weekly at around 70-72%. That would mean altcoins could drop by another 20-30% against Bitcoin. But I wouldn't speculate and accept the potential 'losses' because as soon as they start to rise you will not get them anymore.

Here the BTC dominance chart:
Comment:
Update - explanation for an altseason:

Comment:
Another Update is here - PART 2:

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