Key points to follow in BullMarket
It was a key moment for altcoins in the past bullmarket, namely when BTC.D reached a strong resistance level at 73% to be exact, this happened on January 02, 2021, from that moment TOTAL 2 started to grow aggressively and the reign to decrease aggressively, until May 12, 2021, when we approached the peak of the bull market for Altcoins and BTC.D reached an important support level, namely 40%, which was also in May 2018 support.
What we have to learn from here, is that we have to follow important resistance levels for BTC.D to trigger big increases on Altcoins, and take our profits when BTC.D reaches important supports.
https://www.tradingview.com/chart/DGK48Cxu/
We identified the important support levels for BTC.D that could record the end of a growth cycle for ALT's in the next bull market and these are: 49% and 40%. In my opinion, I think partial profits should be taken at these levels.
https://www.tradingview.com/chart/DGK48Cxu/
And as a strong resistance level that could trigger a big growth on altcoins could be the 60% level for BTC.D.
You have to take into account that a click has the following stages, BTC increases, then ETH, then the altcoins with large capitalization then those with small capitalization.
What we have to learn from here, is that we have to follow important resistance levels for BTC.D to trigger big increases on Altcoins, and take our profits when BTC.D reaches important supports.
https://www.tradingview.com/chart/DGK48Cxu/
We identified the important support levels for BTC.D that could record the end of a growth cycle for ALT's in the next bull market and these are: 49% and 40%. In my opinion, I think partial profits should be taken at these levels.
https://www.tradingview.com/chart/DGK48Cxu/
And as a strong resistance level that could trigger a big growth on altcoins could be the 60% level for BTC.D.
You have to take into account that a click has the following stages, BTC increases, then ETH, then the altcoins with large capitalization then those with small capitalization.
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