The USD pairs have been strong so I am thinking the BTC pairs have been lagging and need to catch up,. BTC.D has a big move incoming so obviously LINK & all the ALTS will most likely suffer when BTC.D decides to break up and form the right shoulder on the gigantic H&S pattern forming on the daily. (attached my most recent Dom chart for you guys as well)
So either BTC.D pushes up to 65-67% and carries BTC up to $57k (most likely)
Or BTC.D has the same move but brings BTC down to $42k zone.
In either scenario alts will do bad but the 1st scenario would be ideal. Here is why, after the pump in BTC to $57k yes alts will underperform but they won't be wrecked like in my 2nd scenario.
And then the shoulder would form and BTC.D would dump sending all of our Altcoin bags to Valhalla. I mean we would have an altseason at $57k & then I will simply use the BTC pairs to know when to sell my USD pairs.
$57k would be the 2.618 on BTC fib extension from the march lows to the 2017 highs $19500ish. So Altseason should bring our coins up to the same levels (at least) which would be insane b c they r lagging.
The 2.618 Fib extension on LINK vs BTC at $57k puts link at $255.
So just holding for this TP makes sense to me & it could happen quickly or could take 6 month, IDK but it is coming.
So either BTC.D pushes up to 65-67% and carries BTC up to $57k (most likely)
Or BTC.D has the same move but brings BTC down to $42k zone.
In either scenario alts will do bad but the 1st scenario would be ideal. Here is why, after the pump in BTC to $57k yes alts will underperform but they won't be wrecked like in my 2nd scenario.
And then the shoulder would form and BTC.D would dump sending all of our Altcoin bags to Valhalla. I mean we would have an altseason at $57k & then I will simply use the BTC pairs to know when to sell my USD pairs.
$57k would be the 2.618 on BTC fib extension from the march lows to the 2017 highs $19500ish. So Altseason should bring our coins up to the same levels (at least) which would be insane b c they r lagging.
The 2.618 Fib extension on LINK vs BTC at $57k puts link at $255.
So just holding for this TP makes sense to me & it could happen quickly or could take 6 month, IDK but it is coming.
