Alts can dump in this Weekend plan & upcoming days since Dominance of Bitcoin is continuously increasing in the light of huge market breakdowm. Major support of BTC has already lost and this pump towards 59.9k seems fake move because ETH didn't perform as according.
Learn and understand how to reads market 👍 (These charts will help you to understand market) - Btc dominance took breakout and chances to test upper resistance if it holda this breakout (so we can see dip in alts)👍
Risk------$0.50 Reward------Loss Not a proper analysis trade 1> The Rectangular area is the place where Btc and other crypto fell drastically, while Btcdom was raising and considering the previos Run up I thought that this is a great time to Short. 2> Went biased based on some analysis and major Gut felling
Risk---------------$1 Reward-----------$3.59 ((((((((((((((((((((((((((())))))))))))))))))))))))))))))))))))
Risk-------------$1 Reward---------$(-1) ((((((((((((((((((((((((((((())))))))))))))))))))))))))))))))))))))))))))))))
Wrong analysis. Got Long In A Strong Downtrend, With just one candle confirmation
Bearflag, When BTC Dominance goes up, alts, on the whole, lose value against BTC.
you can short below down Trendline or long Above Up Trendline
Double Bottom! Market High....everything Needs CORRECTION to be balance the future.....happy rally....
BTC dominance is gonna decrease and alts are gonna boom if you are willing to short btcdom then go for it targets are given stoploss according to risk