Altcoin Shakeout - BTC.D Rotation
Hi Everyone
In today's analysis, we explore 1D candle liquidations across the altcoin market.
It seems likely to be another shakeout as we are still in a bull cycle. By looking at the Bitcoin Dominance chart, we can clearly see the rotation from alts into BTC.
Don't forget the classic play:
- Bitcoin price increases
- alts bleed (into btc)
- Bob fomo sells alts to catch btc price
- Bob opens leveraged long
- market is over bullish, longs get liquidated
- long liquidations rotate into alts
- wash. rinse. repeat
DON'T BE LIKE BOB.
Best Regards
Ev
In today's analysis, we explore 1D candle liquidations across the altcoin market.
It seems likely to be another shakeout as we are still in a bull cycle. By looking at the Bitcoin Dominance chart, we can clearly see the rotation from alts into BTC.
Don't forget the classic play:
- Bitcoin price increases
- alts bleed (into btc)
- Bob fomo sells alts to catch btc price
- Bob opens leveraged long
- market is over bullish, longs get liquidated
- long liquidations rotate into alts
- wash. rinse. repeat
DON'T BE LIKE BOB.
Best Regards
Ev
