Longing ALTS now is very attractive if we are only to trade based on BTC.D. Unfortunately, 1. BTC still trending sideways and is currently at a local resistance (31.5k at time of post). 2. ALTS are also facing the resistance barriers (eg: ETH 1875, LINKUST 9 and etc.)
If the first few hourly candles are green (of course there are many other confluence that I see but this is just a sign that the price has higher chances to go up), I am going long ALTS, else this idea is negated and I will short BTC.
Idea to use BTC.D here is SIMPLE. Long ALTS if we expect pumps. Short BTC if we expect dumps.
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