Trade_4_Profit
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Bullish
🚀 I Don’t sell my alts.Sure they will nosedive? 🚀
Did you wonder how excited posts are created since about two days ago, shouting „sell alts, they are overbought / Will stop at the ATHs!“
Trading is about timeframes, among other indicators as RSI and trend an_alysis.
My conclusion: Users watch short timeframes. Users misinterprete therefore an overbought market with a trending market in the middle of its upwards leg. Don’t do this mistake!
The market is in a bullish trend, ATHs will be broken, as BTC will get overbought and people will swap into SOL ADA and further. This will be the move and afterwards alts will overcook and dump.
RSI works for oscillating but NOT for trending markets (at least for any other trading market as Forex/CFD/Stocks….).
Adding the factor of huge institutional money flooding in, any an_alysis is thin.
What about the retail money (new users attracted by advertising and friends)? This money isn’t in as well!
The cards were changed and therefore the game rules, we don’t play our beloved regular game.
Feel free to discuss
No financial advice. DYOR
#USCryptoWeek #AltcoinSeasonLoading
Did you wonder how excited posts are created since about two days ago, shouting „sell alts, they are overbought / Will stop at the ATHs!“
Trading is about timeframes, among other indicators as RSI and trend an_alysis.
My conclusion: Users watch short timeframes. Users misinterprete therefore an overbought market with a trending market in the middle of its upwards leg. Don’t do this mistake!
The market is in a bullish trend, ATHs will be broken, as BTC will get overbought and people will swap into SOL ADA and further. This will be the move and afterwards alts will overcook and dump.
RSI works for oscillating but NOT for trending markets (at least for any other trading market as Forex/CFD/Stocks….).
Adding the factor of huge institutional money flooding in, any an_alysis is thin.
What about the retail money (new users attracted by advertising and friends)? This money isn’t in as well!
The cards were changed and therefore the game rules, we don’t play our beloved regular game.
Feel free to discuss
No financial advice. DYOR
#USCryptoWeek #AltcoinSeasonLoading
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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