This chart is my new bible
I have a strong feeling that we are about to see 2017 January played out again with a MASSIVE alt rally back to about 45-47% BTC dominance. This would result in about 3-5x on most coins.
Once we reach the trendline I also have a two feelings. One alts retrace after a massive rally and BTC takes charge in late Q1/Early Q2 as investors pile in and buy BTC sending it on a massive rally (think ETF, Ameritrade, Fidelity all making BTC available to buy AT SPOT PRICE) we could see alts fall back some while BTC steals the show. We will know when to trade alts again though vs. sit in BTC when we get back to the top trendline or even back at ~62% BTC dominance trendline.
This market is very easy to trade when looking at the evidence. The problem is we are emotional and impatient imo (myself included :smiley: ).
I am working very hard to take a rational approach on how to trade this market going forward from the lessons I've learned through this bear and the bull in 2017/2018 (when to hold and when to trade and WHEN TO GO USD!)
Now is the time to grab alts and hold folks.
I wish I paid someone $500/mo in early 2018 just to tell me to sell to USD and do nothing. Now I would pay someone the same to tell me to hold (obviously still trading alts, but looking at daily charts and not 60/240's)
Don't get caught up in the small swings. We must look at the big picture because I think things are about to get nuts.
/rant
If you would like to get premium signals please PM me for my trading group, Surge Trading. I provide daily calls and updates for a very very minimal fee. We just hit 6 targets for an average 25% the past 4 days.
Thanks everyone and get ready for some action in the coming months.
I have a strong feeling that we are about to see 2017 January played out again with a MASSIVE alt rally back to about 45-47% BTC dominance. This would result in about 3-5x on most coins.
Once we reach the trendline I also have a two feelings. One alts retrace after a massive rally and BTC takes charge in late Q1/Early Q2 as investors pile in and buy BTC sending it on a massive rally (think ETF, Ameritrade, Fidelity all making BTC available to buy AT SPOT PRICE) we could see alts fall back some while BTC steals the show. We will know when to trade alts again though vs. sit in BTC when we get back to the top trendline or even back at ~62% BTC dominance trendline.
This market is very easy to trade when looking at the evidence. The problem is we are emotional and impatient imo (myself included :smiley: ).
I am working very hard to take a rational approach on how to trade this market going forward from the lessons I've learned through this bear and the bull in 2017/2018 (when to hold and when to trade and WHEN TO GO USD!)
Now is the time to grab alts and hold folks.
I wish I paid someone $500/mo in early 2018 just to tell me to sell to USD and do nothing. Now I would pay someone the same to tell me to hold (obviously still trading alts, but looking at daily charts and not 60/240's)
Don't get caught up in the small swings. We must look at the big picture because I think things are about to get nuts.
/rant
If you would like to get premium signals please PM me for my trading group, Surge Trading. I provide daily calls and updates for a very very minimal fee. We just hit 6 targets for an average 25% the past 4 days.
Thanks everyone and get ready for some action in the coming months.
노트
80 people have seen this and i think i called it perfectly lol
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.