Trending sideway for 12 days since 9 Nov. Now needs to make new high and go to next resistance 39k. Otherwise not good for altcoins.
Many alerts went off just when CRYPTOCAP:BTC -3%. This is a good point to get back into more positions, LSE:ONE , CRYPTOCAP:MATIC , and those that were sold this morning, CRYPTOCAP:SOL , CRYPTOCAP:AVAX , INDEX:GALA were bought back on their EMA 100, 200 TF H4
Many altcoins are making correction despite BTC is pushing higher. This is probably a good time to secure some profits. CRYPTOCAP:SOL , CRYPTOCAP:AVAX , AMEX:NEAR , etc. sell the one that MACD DAY super high and wait for buy back.
Looking good for break out the bull flag. Need a break out candle to follow buy, otherwise buy on dip at EMA200 H4.
Keep monitoring your positions as BTC is trading sideway. The up trend is still strong and this is a good time to accumulate other position - pick the ones that are at the start of clear uptrend like GALA, FTM, NEAR, etc. BTC need to break 37k to bring up the whole market
After previous break out BTC is looking to break another bull flag. However, this is time to lock some profit on altcoins though. In the past few days, we saw big drop in many altcoins. BTC dropped -1% but altcoin was -5% to -10%. The next resistance for BTC is 39k.
CRYPTOCAP:BTC is reaching its big resistance at 39K before retrace and brought many altcoins crashing down, mostly 15-20% from their peak. This is good because every coin has to retrace at some point. It is time to increase some more positions.
Looking solid for break out from bull flag. Now need to see big green candle and then the rest of the market will follows
With MYX:AURORA skyrocket since yesterday, it is good idea to keep close eyes on $NEAR. Technically, bouncing from EMA50, TF H4 will be a good entry point