BedouinSmith
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The Wedge is closing for next ATH

BITSTAMP:BTCUSD   比特幣 / 美元
273 3 4
Alts have been having an outstanding run during the past couple of weeks. For the past 3 days, we start to feel the BTC             price action shaking the alts. I started to move back to having 40-50% BTC             in portfolio in the next couple of days. The wedge is closing and the next stop could be around 26000$. Please note that I am not a professional trader and this is my first publication based on my experiences I have in crypto trading, active since last summer. I've seen my alts bleeding in sats             when BTC             is in the bull run and I will be taking more precautions this time. It is better to be prepared. There is a saying in the world of cryptocurrencies. If BTC             goes up, alts go down. If BTC             goes down, alts go down. So in general, if BTC             doesn't go sideways, selling some alts for BTC             and waiting to see what will happen as soon as the wedge closes is the better option. Some trade with Tether. I can't say what is a good option for that since I don't touch tether.

PS: The alts which will tank the most will be the ones which has been pumped double digit gains. I'd take a look at the historical volume of trades to see if the whales who pushed the prices higher (long green volume bars) still in it or not. If there hasn't been long red volume bars, this would be a red flag for me, as the price can tank quite easily, if the whale decides to follow BTC             bull run.

Let me know what you think... Happy trading!
u cant say as BTC go down ..alts go down...IF people loose hope on BTC..other coins can shine...
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TimDeleeuw ghose12
@ghose12, yes but they will first dump along with BTC.
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ghose12 TimDeleeuw
@TimDeleeuw, if the coins aren't linked with BTC as base currency then BTC may wouldn't have this much value till now...
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