The Impact of Bitcoin Dominance, When to Consider Altcoin Positions

By Ishfaq_Khan | Crypto Analyzer Pro | 8 Oct 2023


DO YOU KNOW WHEN BTC DUMPED A MONTH AGO THE ALT COINS DUMPED BLEEDLY -
WHEN BITCOIN DUMPED FROM 28500$
THE LTC/USDT WERE AT 93$
THE MATIC WERE AT 0.89
AND MANY MORE COINS DUMPED THAT DOWN TO EARTH -

AND WHEN BTC PUMPED LAST WEEK TO THE SAME PRICE WHERE FROM IT DUMPED THE LTC/USDT WERE AT 65$
THE MATIC/USDT WERE AT 0.56

DO YOU KNOW WHY -
IT'S OBVIOUS THAT BITCOIN IMPACT THE WHOLE MARKET EVEN YOU CAN FIND THE SAME PATTERNS ON BITCOIN WITH MANY ALTS -
BUT WHY ALTS DIDN'T PUMP THAT MUCH AND DUMPS VERY MUCH TO THE EARTH -

THE REASON IS BTC-DOMINANCE WHICH HAS BROKEN THE 2YEAR OLD RESISTANCE LAST 4 MONTHS AGO - THAT'S WHY IT HAS IMPACTED THE ALL ALTS THAT MUCH - EVEN WHEN THE BTC WILL BE AT 32$K THE ALTS WON'T RECOVER THAT MUCH SO WHEN TO TAKE ALTS?

THE QUESTION IS WHEN TO TAKE ALTS AS A LONG POSITION NOW -

1ST OF ALL TAKE A MINI CAP ALT, THAN DRAW A WEEKLY RESISTANCE ON BTC DOMINANCE , SEE ANY ALT WHO IS AT BOTTOM TWICE OR MORE IF YOU FIND ANY REVERSAL CANDLE THERE WITH GOOD VOLUME PLUS GO WITH GOOD DATABASE AND GET AN ENTRY SL BELOW THAT LOWER LOW AND HOLD FOR A 15 TO 30 DAYS. YOU WILL HAVE A GREAT MARK -

THIS IS MY PLAN AFTER THE BTC CALMS DOWN ITSELF.

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Ishfaq_Khan
Ishfaq_Khan

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