💥WHY SHOULD ANYONE INVESTING ANY COIN LOOK AT $BTC FIRST? 🤔🤔
I believe 90% of F0 newbies entering the market buy altcoins because of the expectation of big profits. The reason is that you think BTC has grown a lot, with a large capitalization, at most x2 from this price.
👉But this is wrong thinking! There will be many times when BTC grows continuously and altcoins just stand still or decrease slightly. At that time, those holding altcoins may not lose on USDT, but will definitely lose on the Alt/BTC exchange rate.
In other words, if you accept the risk to choose to invest in altcoin, but the profitability is not as good as holding BTC (which is considered safer), then you have LOST!
🤔In short, for F0 users, I always remind you to allocate 30 - 50% of your capital to BTC. The rest you can buy ETH and your favorite altcoin. This way, no matter which direction the market grows, you will still make a profit.
When the BTCDOM index increases to the 65 - 70% range, you can sell all the BTC you are holding to altcoins and wait for a strong altcoin season, that's a COMPOUND PROFIT!
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👉Currently, Bitcoin just closed the 1W candlestick last week very beautifully, the Marubozu candlestick is green with full force, thick body without whiskers => There is a high possibility that this week will continue to be a green candlestick, or at least a hesitant doji candlestick, but it is unlikely. can collapse strongly.
In the monthly frame, BTC's candles are equally beautiful. As long as BTC maintains this price for another 10 days, you can absolutely expect a strong growth in August.
Please carefully observe the 1W and 1M candlestick patterns in the image below to both practice the habit of observing the market in the long term and gain more confidence in holding coins💪💪💪!