Okay, so based on this chart, my bias leans towards trading BTC only for the next few months.
Dominance looks like it favors BTC from here and we could see a sharp move up until around the middle of March. If this plays out, and BTC keeps correcting from here, we could see alts bleed a lot.
The pivots on the chart are for key dates for changes in price action. Let's see how it goes from here.
Dominance looks like it favors BTC from here and we could see a sharp move up until around the middle of March. If this plays out, and BTC keeps correcting from here, we could see alts bleed a lot.
The pivots on the chart are for key dates for changes in price action. Let's see how it goes from here.
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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.