BTC-USD is this time to buy altcoins ?
I am expecting one more massy dump for alts.
Only brave traders will keep alts now.
In conclusion, this is not the time to buy or hold alts but to trade bitcoin only.
Expect to see at least 40% drop in alts' values soon.
Some reason:
- upcoming delaying of CBOE's ETF will make bitcoin's price to drop hard again
-During this current btc 's rally, alts DON'T pump as other previous bitcoin's rally. I know a lot of people are waiting for alts to pump but if we think carefully, this time is TOTALLY different. All of money are concentrated into btc and trading bots has tried hard to make alt-usd price to follow btc during the pump. However, some can't follow properly and dropped very early like Ethereum. With the upcoming dump of btc, alts will definitely start dropping crazily
-institutional investor (smart money) has actually PARTLY joined the game . Smart money will only buy CHEAP not expensive.
- Lot of alts are famous at 90-100% retracement and right now we are just only around 75% retracement
In conclusion, August is not a good time to play alts . You will be burnt hard. This is the time to trade bitcoin exclusively . September might be a better situation for alts
MISSING TRADES is better than LOSING $.
Note: this is discussion post only, not financial advise
Only brave traders will keep alts now.
In conclusion, this is not the time to buy or hold alts but to trade bitcoin only.
Expect to see at least 40% drop in alts' values soon.
Some reason:
- upcoming delaying of CBOE's ETF will make bitcoin's price to drop hard again
-During this current btc 's rally, alts DON'T pump as other previous bitcoin's rally. I know a lot of people are waiting for alts to pump but if we think carefully, this time is TOTALLY different. All of money are concentrated into btc and trading bots has tried hard to make alt-usd price to follow btc during the pump. However, some can't follow properly and dropped very early like Ethereum. With the upcoming dump of btc, alts will definitely start dropping crazily
-institutional investor (smart money) has actually PARTLY joined the game . Smart money will only buy CHEAP not expensive.
- Lot of alts are famous at 90-100% retracement and right now we are just only around 75% retracement
In conclusion, August is not a good time to play alts . You will be burnt hard. This is the time to trade bitcoin exclusively . September might be a better situation for alts
MISSING TRADES is better than LOSING $.
Note: this is discussion post only, not financial advise
Comment:
some alts have alt-btc going up. HOWEVER, their $ values are going down = you are losing $ now for playing alts. Don't be tricked by alt-btc. Eventually, your $ is the most important one. Until btc is stable, we should constrain at playing alts :)
Comment:
total cap chart for all coins have start turning bullish again. I am expecting at least few days green next week :)). Yahooooo. Plz don't let me down LOOOLLLL
Comment:
this is the entire RSI's history for crypto
I will say that we are in accumulation range now. According to the chart, yes we still have room to go lower but they are still considered as accumulation area
I will say that we are in accumulation range now. According to the chart, yes we still have room to go lower but they are still considered as accumulation area
Comment:
God blesses Alts plz T__T
Comment:
RSI on daily saying we still have more steam to go lower
Comment:
RSI daily has passed the previous low. Such a strong sell-off and we still don't have any bullish sign on the chart
Comment:
lot of signs show that alts have bottoms and are ready for next bull cycles.
Conservative buyers should wait for next week for clearer picture and pullback because we are in weekend now which is easier to pump.
Conservative buyers should wait for next week for clearer picture and pullback because we are in weekend now which is easier to pump.
Trade closed manually:
close this post because Short title is not appropriate anymore :)
Comment:
just like bitcoin, alt chart is in falling wedge too . it looks like that we are going to reach the bottom line of the wedge soon