After giving you my vision on $BTC in my previous post, go check it out😎👍🏻, here I bring you #TOTAL2 .
Remember that this is a graph that is on tradingview and tracks the average movement of all the other cryptocurrencies on the market. That is, whatever currency you want, you will see it the same as this graph that you will see in the photos, if not, what you will see is a cryptocurrency used for pump and dump mechanisms.
Anyway, in TOTAL2 we have at #4H (image 1) a loss of bullish strength within that time frame, that is what the adx tells me. This tells us that cryptos in general will be in a short range just like BTC.
The price should have fallen, but it did not, instead it held up, creating a kind of range.
If we look at the #1D chart (image 2) we will see that the price of most of the #altcoins s went up, and at the moment they are testing their previous highs. We have a #ADX in 1D with a positive slope in favor of the trend that we have been seeing in altcoins since Oct. 10.
It should be noted that altcoins are severely affected by what happens with bitcoin, so understanding the movement of BTC is essential to know if you are going to go long or short on an altcoin.
Should you short everything at 125x because it will collapse? 😳
Nooooo young man🙄.... we are still in an upward trend, in fact if the altcoins surpass their previous high and hold in those areas above their highs, it will be super positive for them, we will see their value increase a lot.