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With $ETH being in the bottoming phase against $BTC it is a good time to start assessing alts against ETH. The ultimate goal is not to accumulate alts, but to accumulate more BTC and ETH via alts. All these beta plays are held for swing trades, and only for a brief period of time. What you want to capture is periods of explosive outperformance. Example below 👇 $ARB vs ETH ... Most likely in the bottoming phase.
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DXY is relentless Sooner or later it will affect $BTC , and especially alts .
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$LTC Not the worst chart if you're patient. #MemeCoinTrending #BTCUptober
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$BTC Every single time when we reached the red zone we had major spikes in altcoin/meme OI. Every single time instead of money flowing into BTC and helping it break out we had people max risking on alts chasing bigger pumps. Result - Bitcoin weakness at resistance, which leads to altcoin weakness which leads to BTC dropping and alts getting obliterated. Is this pump different? ▫️ There is slightly more BTC & ETH volume than usual. ▫️ BTC.D is rising. ▫️ ALTs OI is super high, but not as much relative to BTC as it was in March for example. #MemeCoinTrending #BTCSurges67K #10MTradersLeague
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Altcoin - risk levels One of these days we'll break out and have weeks and weeks of elevated risk, just like we had in February and March. Until that happens though... tread lightly $SUI $APT #MemeCoinTrending #10MTradersLeague
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