IS IT THE RIGHT TIME TO BUY $ALTCOINS ?
(In Depth Analysis๐งต)
๐ $BTC.D Took Support on 200 MA in 1D Timeframe Suggesting Strong Bullish Trend. $USDT.D is Also Taking Support from Previous Support Zones.
๐ The 90 Day Percentage Change in $BTC.D also Turned Positive. This is Bad for $Altcoins because this Last for Weeks/Months.
๐ The Dominance of All Stablecoin are Also Taking Support from Previous Trendline-SupportZones. If It Again Rises then its Really Bad for $Altcoins.
๐ The Social Media Interest is Also Declining Including Wikipedia, X and Many More. That Clearly Means Altcoins Euphoria hasn't Happened Yet.
๐ The Weekly RSI of Many $Altcoins are Still Above 70 Including $ENA,$XLM,$LINK,$XRP and Many More. That Means it's Not the Best Time to Invest.
๐ Currently it is Best to be in $Stablecoins Aside Scalp Trading. Currently We Don't Suggest to Invest in $BTC + $Altcoins.
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