Frequently when BTC makes large impulse moves, it finds a range to work in while buyers and sellers find a balance. It currently looks like BTC has found this range to work in for the time being and this can often lead to good times to take scalp trades on altcoins.
The idea is simply to watch BTC and when it approaches the top of the range you can enter a short on promising altcoin setups, and vice verse when BTC reaches the bottom of the range. These setups will continue to work as long as BTC remains in the defined range. Of course, it’s very important to keep an eye on BTC for this and if there any ideas of the range breaking or uncertainty in the trades then it is safer to not place them.
BTC is in a bit of a middle place currently, but I will be sure to share some altcoin setups that I find enticing when we near the range limits.
Frequently when BTC makes large impulse moves, it finds a range to work in while buyers and sellers find a balance. It currently looks like BTC has found this range to work in for the time being and this can often lead to good times to take scalp trades on altcoins.
The idea is simply to watch BTC and when it approaches the top of the range you can enter a short on promising altcoin setups, and vice verse when BTC reaches the bottom of the range. These setups will continue to work as long as BTC remains in the defined range. Of course, it’s very important to keep an eye on BTC for this and if there any ideas of the range breaking or uncertainty in the trades then it is safer to not place them.
BTC is in a bit of a middle place currently, but I will be sure to share some altcoin setups that I find enticing when we near the range limits.