Altcoin Shakeout - BTC.D Rotation
Hi Everyone
In today's analysis, we explore 1D candle liquidations across the altcoin market.
It seems likely to be another shakeout as we are still in a bull cycle. By looking at the Bitcoin Dominance chart, we can clearly see the rotation from alts into BTC.
Don't forget the classic play:
- Bitcoin price increases
- alts bleed (into btc)
- Bob fomo sells alts to catch btc price
- Bob opens leveraged long
- market is over bullish, longs get liquidated
- long liquidations rotate into alts
- wash. rinse. repeat
DON'T BE LIKE BOB.
Best Regards
Ev
In today's analysis, we explore 1D candle liquidations across the altcoin market.
It seems likely to be another shakeout as we are still in a bull cycle. By looking at the Bitcoin Dominance chart, we can clearly see the rotation from alts into BTC.
Don't forget the classic play:
- Bitcoin price increases
- alts bleed (into btc)
- Bob fomo sells alts to catch btc price
- Bob opens leveraged long
- market is over bullish, longs get liquidated
- long liquidations rotate into alts
- wash. rinse. repeat
DON'T BE LIKE BOB.
Best Regards
Ev
Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.