1) The previous uptrend could only make $60K and then turned around.
2) Price tried to make new lows, but didn't get very far. It mostly rebounded quickly. However, during this time alts rallied hard. Especially BNB, as detailed in the related idea "BNB moving back up!" which is +81% so far.
3) BTC and BTC.D are now in an uptrend, which means BTC should gain faster than alts.
Stats are from 1/1/2020 to current using ~2% risk.
Here's to hoping for new all time highs!
2) Price tried to make new lows, but didn't get very far. It mostly rebounded quickly. However, during this time alts rallied hard. Especially BNB, as detailed in the related idea "BNB moving back up!" which is +81% so far.
3) BTC and BTC.D are now in an uptrend, which means BTC should gain faster than alts.
Stats are from 1/1/2020 to current using ~2% risk.
Here's to hoping for new all time highs!
Trade closed: stop reached
Trade closed for a small loss. BTC got all time highs, but couldn't keep them. Oh well.
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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.