Altcoin Shakeout - BTC.D Rotation

٢٧ أكتوبر ٢٠٢١

Hi Everyone

In today's analysis, we explore 1D candle liquidations across the altcoin market.

It seems likely to be another shakeout as we are still in a bull cycle. By looking at the Bitcoin Dominance chart, we can clearly see the rotation from alts into BTC.

Don't forget the classic play:
- Bitcoin price increases
- alts bleed (into btc)
- Bob fomo sells alts to catch btc price
- Bob opens leveraged long
- market is over bullish, longs get liquidated
- long liquidations rotate into alts
- wash. rinse. repeat

DON'T BE LIKE BOB.


Best Regards
Ev