Hi everyone,
Question i get a LOT these days: ''Why BTC flies but most ALTs don't''.
Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs.
Let's look at 3 charts that are in favor of a good ALTs mini-season ahead:
1. ETHBTC on support:
Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes.
Shanghai is on but that's not scary news, maybe the contrary: Link
chart:
2. BTC Dominance at Resistance
Good for alts. Some money can flow from BTC to ALTs.
Chart:
3. Crypto Total Market Cap on Support
Chart:
Also note the fundamentals:
Inflation drops, Feds admit they are close (or late) to stop hiking: Link
One Love,
The FXPROFESSOR
Question i get a LOT these days: ''Why BTC flies but most ALTs don't''.
Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs.
Let's look at 3 charts that are in favor of a good ALTs mini-season ahead:
1. ETHBTC on support:
Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes.
Shanghai is on but that's not scary news, maybe the contrary: Link
chart:
2. BTC Dominance at Resistance
Good for alts. Some money can flow from BTC to ALTs.
Chart:
3. Crypto Total Market Cap on Support
Chart:
Also note the fundamentals:
Inflation drops, Feds admit they are close (or late) to stop hiking: Link
One Love,
The FXPROFESSOR
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
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.
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
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.