So looks to me like dominance is switching just as btc has been hanging above the 4hr 20ma and relatively close to the resistance trendline. As this 48hr "Altseason" comes to a close, it sure was fun while it lasted...lol
Anyhow, currently I am bearish altcoins and bullish btc. If this is a real trend that will continue with a btc bull break, alts are going to take a hit back down to supports. This current reversal has taking about 3 days, with quite a few fakeouts. Got caught in a couple, but we only risk 1% of our account in each trade, so losses aren't a problem.
Look to short alts pumps, and long btc dips if this trend change is real.
The Daily is even more bullish for me with that month-long inverted Head and Shoulders played out. Also dominance daily looks like a reversal.
Watch your alts! Be careful longing them...
Anyhow, currently I am bearish altcoins and bullish btc. If this is a real trend that will continue with a btc bull break, alts are going to take a hit back down to supports. This current reversal has taking about 3 days, with quite a few fakeouts. Got caught in a couple, but we only risk 1% of our account in each trade, so losses aren't a problem.
Look to short alts pumps, and long btc dips if this trend change is real.
The Daily is even more bullish for me with that month-long inverted Head and Shoulders played out. Also dominance daily looks like a reversal.
Watch your alts! Be careful longing them...