BTC is not ready to let alts take over just yet, given the strong downtrend of alts against BTC.
We are starting to have bullish signals in Weekly on the TOTAL 3 / BTC towards a reversal:
The RSI has been below 30 for almost 4 months, and this is the first time that we have stayed below 30 for a long time.
Bullish divergence on the MACD.
The stop on the 38.2% fibo it's been 3 weeks.
I'm not really expecting a long-term return of alts season, but short-term for a few days to a few weeks, already to regain liquidity via the stops of the shorts and their liquidations, and also given the weakness of the sellers on the MACD and a saturated RSI in the oversold zone.
The trend can continue further and further lower before confirmation of a rebound via a large swallowing candle, we can also look directly for the 50% fibo and 61.8% and see + low!
The most important thing to remember is that BTC is stronger than alts, and given the TOTAL 3/BTC trend it looks like alts are just half way to hell.
TOTAL 3/BTC: https://www.tradingview.com/x/XYb7iJdL/
The question: is DCA better than BTC or alts?
Logically the BTC, but the alts are starting to take more and more capitalization on the market, the strongest are ETH and BNB which remain solid against the BTC, there are others like the OKB but I don't think much , basically as long as the BTC is bullish with a BTC.D the same then the Total 3 (not the Total 3 / BTC) normally will also be bullish and most of the time less than the BTC as we have seen on the Total 3 since January is increasing.
I'm thinking of taking a big chunk of the profits on the alts if the Total 3/BTC is weak on the confluence area via the 50-MA and the Weekly cloud low as resistance.
TOTAL 3: https://www.tradingview.com/x/zlOT16YR/
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