Bitcoin has been steady or slightly declining while BTC.D has been on an increase. Recent BTC chart below:
BTC.D increasing with BTC stable is very bad for most altcoins, and many have lost pretty significant support levels.
My strategy for these is to monitor and see if they have a recover to retest support, in which case I’ll be pairing their charts with BTC to enter a short position. Some examples of alts that have lost strong support:
AXS
APE
ALPHA
I recommend finding more of these setups as the entry needs to be timed with BTC setting up for shorts, so many setups may be invalidated by then.
Bitcoin has been steady or slightly declining while BTC.D has been on an increase. Recent BTC chart below:
BTC.D increasing with BTC stable is very bad for most altcoins, and many have lost pretty significant support levels.
My strategy for these is to monitor and see if they have a recover to retest support, in which case I’ll be pairing their charts with BTC to enter a short position. Some examples of alts that have lost strong support:
AXS
APE
ALPHA
I recommend finding more of these setups as the entry needs to be timed with BTC setting up for shorts, so many setups may be invalidated by then.