$MSFT #MSFT crossing up through its 200 day moving average. | Crypto Flash on Binance Square

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$MSFT #MSFT crossing up through its 200 day moving average. historically, this has been a good trigger to sell some put credit spreads.

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With BTC still moving, it is worthwhile to pay attention to what happened last cycle around this time. You can see that ALT / BTC pairs were rejected from the bull market support band in November 2020, before bottoming a month later. The reason they were rejected is because BTC stole the spotlight again, and when BTC moves, the rest of the market will often sit back and watch. That does not mean ALTs don't go up, it just means some of them may have a hard time keeping up with BTC until BTC cools off. Still think with BTC dominance at 60%, diversifying can make sense as not all ALTs have to bottom at the same time against BTC But there is a chance that ALT/BTC pairs drop into Dec 2024, just like they did in 2016 and 2020. If you are new please remember there is a difference between ALT/BTC and ALT/USD pairs. ALT/BTC pairs going down does not mean ALT/USD pairs have to go down. If you think about your portfolio in Satoshis rather than US dollars, then the cryptoverse starts to make a lot more sense. If #ALT / #BTC pairs get a weekly close above their bull market support band, then perhaps the path can deviate from last cycle, but until that happens, this case is at least a consideration. My base case is that #ALT / #BTC pairs durably go up in 2025.

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