P.S : this post is welcoming discussion. Not financial advise
First of all, we all can confirm that this current rally of btc IS NOT the same as the ones from last april. Alts in term of USD have pretty much gone back to their starting points of the rally. In addition, alts in term of btc have making new lows
This is really a worrying issue. WHY ?
it means that if btc continues on dropping on here, alts (eth, etc,...) will definitely break their symmetric triangles and drop lower in term of USD
we are in the btc's ETF hype now. What's the chance for getting accepted ? Experts have claimed that we only have 25% in 2018 and 70% in 2019 .
So what does this mean ?
the chance of having another dip to 5k$ is still realistic and alts in term of USD will dive deeper.
So what are we going to do now ?
NEXT week is important , it will tell us a CLEARER direction of where we are going to head. If we break below 6.8k, we all know where we are going to head to :)
Now it is the time to trade btc , not alts . We only should buy alts if we see -20% or more :) and they are in support zone
Stay safe and your thought are welcome
Don't forget to LIKE if you like it :)
First of all, we all can confirm that this current rally of btc IS NOT the same as the ones from last april. Alts in term of USD have pretty much gone back to their starting points of the rally. In addition, alts in term of btc have making new lows
This is really a worrying issue. WHY ?
it means that if btc continues on dropping on here, alts (eth, etc,...) will definitely break their symmetric triangles and drop lower in term of USD
we are in the btc's ETF hype now. What's the chance for getting accepted ? Experts have claimed that we only have 25% in 2018 and 70% in 2019 .
So what does this mean ?
the chance of having another dip to 5k$ is still realistic and alts in term of USD will dive deeper.
So what are we going to do now ?
NEXT week is important , it will tell us a CLEARER direction of where we are going to head. If we break below 6.8k, we all know where we are going to head to :)
Now it is the time to trade btc , not alts . We only should buy alts if we see -20% or more :) and they are in support zone
Stay safe and your thought are welcome
Don't forget to LIKE if you like it :)
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.
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.