High probability that Alts will moon in SEPTEMBER part 2.
I dislike the word ''predicted'' but I said on 1 June a range would be build between 10k and 12k.
Anyone who actually trades knows the cycle and this was pretty obvious.But not many ''analyst'' here actually trade but make $$ from their premium memberships.
This is the range I was talking about. Sideways till beginning or mid October and maybe a fake out before pushing higher.
BTC will continue to stay this range. The spread will narrow down over time. The range and volatility will decrease, BTC dominance will diminish. Price action and volatility will shift the Altcoin markets.
A stable BTC will make T.A for altcoins actually reliable. The reason why T.A for alts is literally a coin toss is due the BTC-ALT pairing. To trade a alt-coin USDT pair. You literally need to analyze 3 complementary charts. 1/ The BTC-USD pair , 2/ BTC-Altcoin paid then finally the 3/Altcoin-USD pair.
Anyone who actually trades knows the cycle and this was pretty obvious.But not many ''analyst'' here actually trade but make $$ from their premium memberships.
This is the range I was talking about. Sideways till beginning or mid October and maybe a fake out before pushing higher.
BTC will continue to stay this range. The spread will narrow down over time. The range and volatility will decrease, BTC dominance will diminish. Price action and volatility will shift the Altcoin markets.
A stable BTC will make T.A for altcoins actually reliable. The reason why T.A for alts is literally a coin toss is due the BTC-ALT pairing. To trade a alt-coin USDT pair. You literally need to analyze 3 complementary charts. 1/ The BTC-USD pair , 2/ BTC-Altcoin paid then finally the 3/Altcoin-USD pair.
