BTC Dom rising from trendline. This can be dangerous for Alts. Once BTC takes a breather, Alts might fall even higher. Keep some funds for the dump and don't take leveraged positions for now!! Be safe!!
DYOR!
We are at a very crucial junction!!
There are 2 possibilities:
1. Breakout of trendline- Alts will pump hard.
2. Reversal from Trendline- Alts will dump hard.
As ETF approval is just around the corner, we might see some market volatility with rise in BTC dom and later it will break the trendline to make it officially an Alt season. The entire process might take a month and it will be very painful for traders to navigate the market.
Better not trade with more than 2x leverage and ensure sufficient funds for any sudden dump on 10 Jan.
Safe Trading, Happy Trading!
#BTC #etf #ETH #AltsSeason
There are 2 possibilities:
1. Breakout of trendline- Alts will pump hard.
2. Reversal from Trendline- Alts will dump hard.
As ETF approval is just around the corner, we might see some market volatility with rise in BTC dom and later it will break the trendline to make it officially an Alt season. The entire process might take a month and it will be very painful for traders to navigate the market.
Better not trade with more than 2x leverage and ensure sufficient funds for any sudden dump on 10 Jan.
Safe Trading, Happy Trading!
#BTC #etf #ETH #AltsSeason
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
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