Big breakout trades on alt coins leading to big pullbacks left and right. Price back down to test the breakout level, prior highs, and a whole bunch of moving averages. It's nearly perfect.
This perfectly coincides with the bitcoin moves. Bitcoin consolidates after a large move, Alts pump. Alts sell off as we take profit after a 50% plus move, mostly on leverage around the world so several 100% gains for alot of people. And that profit rotates back into bitcoin to help it break through 90k....and then 100...and then 125 and so on.
This rotation is the epitome of a bullmarket. TAKE NOTE. REVIEW YOUR WINNERS and loser.
And when this is all said and done, simply inverse your chart to see the downside more clearly.
This perfectly coincides with the bitcoin moves. Bitcoin consolidates after a large move, Alts pump. Alts sell off as we take profit after a 50% plus move, mostly on leverage around the world so several 100% gains for alot of people. And that profit rotates back into bitcoin to help it break through 90k....and then 100...and then 125 and so on.
This rotation is the epitome of a bullmarket. TAKE NOTE. REVIEW YOUR WINNERS and loser.
And when this is all said and done, simply inverse your chart to see the downside more clearly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.