Lesson 3&4

3. Bitcoin will overpower altcoins.

Trading in altcoins is like trading on lower timeframes. If Bitcoin changes direction, your altcoin trade will change. Your TA might be sound, but the movement of #BTC is the prevailing condition.

4. Whales manipulate the market.

Understanding how to ride in the wake of the whales is essential to staying afloat. The movements of the whales are another prevailing condition, and you cannot avoid it.

Right now I trade mostly on BTC on the Daily timeframe, trying to understand the movement of whales, and anticipating how to move in their wake. This lessens the influence of the unexpected, because I am trading within the most prevailing conditions.

$BTTC $HOT $YFII #Lessons