owenliang

XBTUSD Mid-Term short oppotunity

BINANCE:BTCUSDT   Bitcoin / TetherUS
By looking at this chart, we can see that in the first red box, ETH\LTC\EOS reached the top before BTC did, and soon the market collapse. Generally, when the correlation between BTC and other major coins enlarges, it suggests that there is not enough fund to support the ongoing upward trend. Thus, I would say now is a good short position.
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