Hi All,
Many of the ALTs are dropping because we have a bullish div. playing out as per the chart.
Its a bit puzzling as to why they nearly all do it but here are my thoughts.
> 1) BTC decent from 11400 to 11300 range makes the ALTs decend more rapidly as BTC is king;
> 2) The ALTS like LINK, KAVA, ADA, etc and many more have not completed their ABC correction;
> 3) We have a key level of resistance level on the chart, which could mean that 11200 is a strong support;
Either way, there is not much you can do at this point, if you haven't planned your strategy out.
Where from here? That is the question.
Cheers,
S.Sari
Many of the ALTs are dropping because we have a bullish div. playing out as per the chart.
Its a bit puzzling as to why they nearly all do it but here are my thoughts.
> 1) BTC decent from 11400 to 11300 range makes the ALTs decend more rapidly as BTC is king;
> 2) The ALTS like LINK, KAVA, ADA, etc and many more have not completed their ABC correction;
> 3) We have a key level of resistance level on the chart, which could mean that 11200 is a strong support;
Either way, there is not much you can do at this point, if you haven't planned your strategy out.
Where from here? That is the question.
Cheers,
S.Sari
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.