BTCUSDT 12h Bitcoin and altcoins trading plan for the weekend

29 de jul. de 2022

Today we will share our thoughts on the BTCUSDT pair and in general what can happen to altcoins during the weekend.

In the previous days, we were very pleased with the growth of Bitcoin and the growth of altcoins.
Especially the growth of altcoins, because they grew by +30+70% making it possible to record excellent profits.
We openly publish part of our trades here on Tradingview for all subscribers)

So, the weekend is ahead. The ideal scenario, in our opinion, would be a smooth growth of the BTCUSD price to $24700. From this mark, a rather wide consolidation of $22200-24700 can begin, in order to gain strength before further upward movement of the BTC price.
Well with Bitcoin price figured it out.

Considering that USDT dominance is still falling, and the trade volume of the ETHUSDT pair is only 35% less than the total trade volume of BTCUSDT, we can say with confidence that capital is flowing into alts. Therefore, if the BTC price will grow smoothly, then the price of some alts can still shoot up a lot.

But you have to be careful on the weekend, because the correction can take away all the profit given by the market for the previous few days.

And in order not to give profits to the market players, we're personally pushing our stop up in the course of price growth.
Take profits on medium-term longs of altcoins, some of which have not yet worked, are in the range of +10-20% of current prices.

Have a nice and peaceful weekend everyone, do not give away the well-deserved profits to the market players.
And at the next week we will please you with new trades and analyses)
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)