>tricky level for the whole crypto market esp ALTs WE have watched BTC and ETH to a lessor extent, "Range" through the majority of the softer or lack of trade action sections. We are reaching a LEVEL FOR BTC where much of the market "Started to buy the top" from 40 to 60k, (during the last Crypto Bull RUn when BTC hit its ATH of about 60k).
>I think we will see a sideways range action for BTC >more sideways but still strong overall ie sideways trend from 38 40k to 33 35k but lets see. (I was surprised when we took out 35k so quickly so who knows.)
>Usually on the short term view, a good indicator of the market turning is when you see ALTs or TOTAL3 or ALTs dropping off as ETH and BTC.Dominance starts to rise/ this usually is a good indicator, esp after some uptrend green days, that the market is turning ie People exiting ALTs via ETH and BTC also you will see a DeFi spike as folks find decent longer term returns in DeFI as well as dream of Lambos and Rainbows
>intuitively they know they should take profits but dont want to leave the crypto market complexly
//:HGM0Ut_
PS i will post some specific levels etc to paya attention to as well as chart some popular and less popular ALTS
>I think we will see a sideways range action for BTC >more sideways but still strong overall ie sideways trend from 38 40k to 33 35k but lets see. (I was surprised when we took out 35k so quickly so who knows.)
>Usually on the short term view, a good indicator of the market turning is when you see ALTs or TOTAL3 or ALTs dropping off as ETH and BTC.Dominance starts to rise/ this usually is a good indicator, esp after some uptrend green days, that the market is turning ie People exiting ALTs via ETH and BTC also you will see a DeFi spike as folks find decent longer term returns in DeFI as well as dream of Lambos and Rainbows
>intuitively they know they should take profits but dont want to leave the crypto market complexly
//:HGM0Ut_
PS i will post some specific levels etc to paya attention to as well as chart some popular and less popular ALTS