Smelling a big ALTs RALLY
BTC was highly dominatimg the crypto market for the last several months. It went more disastrous for ALTs when BTC DOM broke its ,ajor resistance of 48.83 and jumped to 52.1. As a result ALTs bleed heavily.
But last night, after the XRP news, BTC DOM started to correct and ALTs started to gain.Most of the top tier ALTs gained over 20%.
Now, as shown in the chart BTC DOM is holding a support of 50, if it breaks we will see the 48.8 range again and also a continuation of ALTs RALLY.If it holds the support the opposite will took place.
But its more likely to see a major decline in BTC DOM and to see a ALTs season as the TETHER MARKETCAP is on its ATH level. So,there is a lot of sideline money waiting to be invested.They will not wait for long, Any time there will be flow of money at MAJOR ALTs. So, in my opinion its a good time to invest in MAJOR ALTs and wait patiently.
BE PATIENT
BE SAFE
But last night, after the XRP news, BTC DOM started to correct and ALTs started to gain.Most of the top tier ALTs gained over 20%.
Now, as shown in the chart BTC DOM is holding a support of 50, if it breaks we will see the 48.8 range again and also a continuation of ALTs RALLY.If it holds the support the opposite will took place.
But its more likely to see a major decline in BTC DOM and to see a ALTs season as the TETHER MARKETCAP is on its ATH level. So,there is a lot of sideline money waiting to be invested.They will not wait for long, Any time there will be flow of money at MAJOR ALTs. So, in my opinion its a good time to invest in MAJOR ALTs and wait patiently.
BE PATIENT
BE SAFE
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