Welcome to this quick update, everyone. I know you've been waiting for this chart! Bitcoin Dominance has broken down the important level of 40. As per the pattern the index is likely to hit the 30% level. It's also moving below all important EMAs. Showing signs of weakness. Meanwhile traders will shift to Altcoins against BTC.
This could be a very good opportunity to make some profits in the next few weeks while BTC moves sideways (which means accumulation as per my last BTC chart). Many Altcoins are already showing some strong moves.
So Here's my trading plan:- 1. Keep BTC mostly. 2. Trade more on Spot and low leverage Margins on ALT/BTC Pairs. 3. Trade less on Futures (Only at the support levels rather than between a range). 4. Make more BTC.
I'll be sharing 15 to 20 Altcoins this week.
Invalidation:- Only a weekly break and close above 40.88% will invalidate this Chart. So far this scenario is unlikely.
Do hit the like button and share your views in the comment section. Follow me to know the next Altcoins I'll consider adding to my bags.
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