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at resistance with clear HTF levels below. A weekly rounded retest of the 12-12.5K breakout area would be the ideal PA for me to load up on my longs.
Gotta stay patient, follow your plan and let the obvious trades present themselves.
at resistance with clear HTF levels below. A weekly rounded retest of the 12-12.5K breakout area would be the ideal PA for me to load up on my longs.Gotta stay patient, follow your plan and let the obvious trades present themselves.
If $BTC get rejected here and starts it's move down i think November could be a very favourable month for Alts.
Been discussing this in the daily Webinars in @TheBirbNest and if you are a member you know to wait for the $BTC.D chart to show rejection before going heavy on Alts.
Been discussing this in the daily Webinars in @TheBirbNest and if you are a member you know to wait for the $BTC.D chart to show rejection before going heavy on Alts.
$BTC.D at resistance which fits nicely with $BTC being at resistance too.
If we get a bearish break in market structure here we most likely go down and test the 62 & 60 area and that would open up for some decent alt moved for a couple of days up to a week.
If we get a bearish break in market structure here we most likely go down and test the 62 & 60 area and that would open up for some decent alt moved for a couple of days up to a week.
For this alt window to translate over to a prolonged alt window we need to see the 60 level fail, and new HTF lower low be put in
This is where the real fun begins. For this to happen we need $BTC to calm down and range for a couple of weeks which seems quite unlikely right now
This is where the real fun begins. For this to happen we need $BTC to calm down and range for a couple of weeks which seems quite unlikely right now
Anyway, what I'm trying to show you guys here is the importance of the $BTC.D chart and if you are an Altcoin trader it's important to realize there's a time to be risk on and a time to be risk off when trading alts
Remember that sometimes the best trade is no trade.
Remember that sometimes the best trade is no trade.
Remember that everytime you looking an Alt/btc pair you are SHOOTING BITCOIN. You want to buy Altcoins when they have s higher probability of outperforming btc and that use most likely not right now.
Wait for the signs by watching the $BTC and the $BTC.D chart.
Wait for the signs by watching the $BTC and the $BTC.D chart.
If you want to know more about this, how I'm approaching the Altcoin market and what Alts om looking to enter in November use the link below for FREE ACCESS to @TheBirbNest and all the daily educational webinars 
https://www.thebirbnest.com/free-trial/
https://www.thebirbnest.com/free-trial/
