Alt.D signal
Aggiornato
It is straight forward and simple, while most were caught off guard in today's plunge, for traders to gain confidence back in Alts, Alts Dominance need to close above the 50D EMA.
Alts.D came long way over the past few hours. Will it close there today? Tomorrow?
Well, that is yet to be proven. But rest assured if Alts.D close above the line, Alts will recover fast from todays' plunge.
Alts.D came long way over the past few hours. Will it close there today? Tomorrow?
Well, that is yet to be proven. But rest assured if Alts.D close above the line, Alts will recover fast from todays' plunge.
Commento
BTC.D has increased more than 10% over the past few hours, and Alts.D is going up too. There're very few Alts that has pumped 30% and more already recovering from the dip, some within 10% but most are still fluctuating between red and green.It is a guess game which Alt will recover before the other. But one thing remains for sure, Alts.D daily candle needs to close above the 50D EMA needs which is about 1T for Alts to rally. We are almost there, but not yet.
One thing else to keep an eye on, if BTC.D daily candle closes above the 50D EMA which is about 50%, then it maybe better to sell Alts to BTC and ride along... which is disappointing if it happens. Because this means, while our portfolios will pump in USD value, our BTC holdings won't recover from what was before the dip.
We might have few days for Alts to pump before BTC.D gets there.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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