Hi everyone,
Question i get a LOT these days: ''Why BTC flies but most ALTs don't''.
Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs.
Let's look at 3 charts that are in favor of a good ALTs mini-season ahead:
1. ETHBTC on support:
Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes.
Shanghai is on but that's not scary news, maybe the contrary: Link
chart:
2. BTC Dominance at Resistance
Good for alts. Some money can flow from BTC to ALTs.
Chart:

3. Crypto Total Market Cap on Support
Chart:
Also note the fundamentals:
Inflation drops, Feds admit they are close (or late) to stop hiking: Link
One Love,
The FXPROFESSOR
Question i get a LOT these days: ''Why BTC flies but most ALTs don't''.
Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs.
Let's look at 3 charts that are in favor of a good ALTs mini-season ahead:
1. ETHBTC on support:
Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes.
Shanghai is on but that's not scary news, maybe the contrary: Link
chart:
2. BTC Dominance at Resistance
Good for alts. Some money can flow from BTC to ALTs.
Chart:
3. Crypto Total Market Cap on Support
Chart:
Also note the fundamentals:
Inflation drops, Feds admit they are close (or late) to stop hiking: Link
One Love,
The FXPROFESSOR
📣 Telegram: t.me/fxprofessor88
🌍 Subscribe via web at fxprofessor.com
🤖 Subscribe via Telegram Bot: t.me/FXPROFESSOR_bot
🌍 Subscribe via web at fxprofessor.com
🤖 Subscribe via Telegram Bot: t.me/FXPROFESSOR_bot
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
📣 Telegram: t.me/fxprofessor88
🌍 Subscribe via web at fxprofessor.com
🤖 Subscribe via Telegram Bot: t.me/FXPROFESSOR_bot
🌍 Subscribe via web at fxprofessor.com
🤖 Subscribe via Telegram Bot: t.me/FXPROFESSOR_bot
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.