My current view of the BTC.D impact on the alts :
- if break out from here : alts will not do well
- if rejection from here : alts will thrieve
- if breakdown from this range : this is the flippening everyone is speaking about
Probabilitic approach:
- 60% rejection
- 35% break out
- 5% breakdown
So, I am long on a few selected alts (Eth, Atom, Egld & Sol, mainly) - also bought small bags of ETH L2 (Matic & Metis)
Cheers, and stay safe
- if break out from here : alts will not do well
- if rejection from here : alts will thrieve
- if breakdown from this range : this is the flippening everyone is speaking about
Probabilitic approach:
- 60% rejection
- 35% break out
- 5% breakdown
So, I am long on a few selected alts (Eth, Atom, Egld & Sol, mainly) - also bought small bags of ETH L2 (Matic & Metis)
Cheers, and stay safe
Note
Comment: Crazy resistance level, defended with strength:- A clear denial of the 43% area would be alts trader's heaven & late comers FOMO big time
- on the opposite, if this breaks, bulls are f
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.