Shorting Alts for BTC Rally

٩ أغسطس ٢٠٢١

Quite simple - when Bitcoin goes on a bull run like we're seeing now, bearing in mind it broke past the resistance of the MA 200 the alts will take strain until Bitcoin settles in a new range and then the alts will begin to regain momentum.

Sell into BTC, wait for BTC to range, then buy back into alts.

My chart shows the divergence between Bitcoin and CAKE/DEGO.

CAKEBTC
BINANCE:DEGOBTC
BTCUSDT