We have broken the long term trend line and the way things are, we will go to 33.5k in the near future!!
Also, BTC Dom is on the upward journey. This means #Alts ( including #Eth) will fall more than 10-15% against #Bitcoin. In short, don't try to catch a falling knife.
As we can see from #BTC dom chart, bulls failed to break out from the trendline.
There are high probability of #Alts falling by 15-20% in the coming days. It can be in the form of a big dump or a slow but painful downfall. Either way, I would not suggest any link long position now.
But remember, dips are for buying gems. So, if you can hold for a few months, this is a good opportunity to start accumulating good coins like #Eth #Sol #INJ #ETF
Safe trading, happy trading!!
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#BTC dom is still at 2000. Which means there will be more bloodbath!!
As mentioned in the post, #BTC is down around 2%. Now is the right time to open a long position. On every 1% drop, do a DCA and soon you will see the pump!! Don't over leverage.
As we saw in the earlier post, Bitcoin underperformed alts and we will continue to see more under performance.
Based on the BTC dom chart, BTC might drop 2-3 % in the next couple of days. I will not advise for opening the short position.
If you are looking for long position then wait for dip of 1-2% and do DCA on every dip. As per current charts, BTC will make a new annual high in next week. We might see 50k!!
As we saw in the earlier post, Bitcoin underperformed alts and we will continue to see more under performance.
Based on the BTC dom chart, BTC might drop 2-3 % in the next couple of days. I will not advise for opening the short position.
If you are looking for long position then wait for dip of 1-2% and do DCA on every dip. As per current charts, BTC will make a new annual high in next week. We might see 50k!!
Since my last update, the #BTC has out performed all Alts. In fact, all the other coins are down by at least 10%.
Based on the current pattern, we are still not done with the correction. Alts will fall at least 5-10% in a day or two before they reverse the direction to green.
We might see a big red candle before that. it's advisable to wait for a few more days before taking entries in the market.
Critical level to watch for BTC Dom- 2417
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Currently the market is at a cross road with speculations around the ETF. Irrespective of the ETF approval, it seems that Bitcoin will out perform the broader crypto market by atleast 10-15%.
Either the Bitcoin will rise above 45k or the Alts will dump hard!
Better to wait for a week and then take position! if you are shorting any of the coins against BTC, keep your shorts!!
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As mentioned in the earlier post, brace for impact!! BTC Dom is rising. But there is still some hope!! if the BTC Dom changes direction from 2200 then the Alts may return with a bang.
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!!
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!!
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.
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.
1. Start with 1% margin at 20x leverage 2. Buy the dips whenever you get a chance to increase the margin upto 2.5% 3. Book profit at regular intervals but keep some amount for future growth 4. Follow step 2 again after profit booking in case of correction