🔷 BTC Update for everyone
🔶 Currently, BTC will only fluctuate within a small range between 104 to 106, occasionally there will be a spike up or down through the box but will quickly return inside the box.
🔷 Strong altcoins will recover about 50-60% compared to BTC's pace, while weak ones will only recover 10-20%. When BTC drops, they will decrease more than BTC.
🔶 We call this phase Blood Bath (alts losing value) which will decrease another 30-50% from here, so for those holding longs, don’t wonder why during this period when BTC goes up, altcoins don’t react positively and even drop.
🔷 There are 2 ways to play during this phase
- First: Increase the time frame to identify the bottom range of altcoins, then set up limit orders gradually down to the bottom range and wait for execution (not caring about how BTC moves).
- Second: Observe the top coins that have recently increased in price like bmt, jewjly... etc., generally strange coins, wait for liquidity to be pulled out and then dive in for a safer approach.
WISH YOU ALL A reasonable strategy to make money from the market!!!