Altcoin Dominance
I think we are seeing this scenario (currently at the end of the stage 1).
1️⃣First altcoin outperformance before #Altseason
2️⃣ $BTC goes parabolic, alts range
3️⃣Everything flies
@TradoorMiz Hi Miz !
Could you please help me with the thinking process on this one.
First what motivated the entry?
And how would you layer your TPs?
I think that 90k is very obvious and that we can expect at least a mechanical bounce so I would be tempted to take 75% off on TP1. Thx !
SP 500
For the past three months, the S&P 500 has traded in a narrow ~6% range (5,825-6,118).
These consolidation periods are rare (occur only 13% of the time going back to 1950).
Sometimes they mark tops (2008, 2022). Other times big rallies ensue (1990s). Resolution is key.
This cycle is difficult if you don't use Bitcoin as a guiding compass for shitcoin entries/exits.
Before, you could use Ethereum, Solana and even some exchange-tokens as proxies.
Now you're a prisoner to Bitcoin's range highs and lows or you're forced into the on-chain trenches where most people just get dumped on mercilessly.
Discipline is important.
It’s the strongest form of self-love.
It’s ignoring current pleasures for bigger rewards to come.
It’s building yourself enough to give yourself everything you’ve wanted.
Many will regret not buying this ethereum capitulation candle, he totally retraced the trump pump, probably bottoming before Btc, now you should bullpost ethereum not at range high.
I am now an eth bulltard.
This is my turn.
If tomorrow we sweep the liquidity again, i will long more.
@trader_minato Really like your charts. You covered most of my watchlist in your last Tweets. Curious about your thoughts on CELR that I find very interesting, PA wise.