Crypto Total Market Cap Excluding BTC, $Zaktualizowano Why Altcoins are more attractive to me than Bitcoin now
As the price of Bitcoin breaks all time high, people are either feeling the fear of missing out or be celebrating on twitter.
I see it as a major red flag despite being early in this bull cycle.
By analyzingTOTAL and TOTAL2 charts we can better identify where the next opportunity lies.
Let's say we hit 2x target measured by the Fibonacci retracement on both charts, trade the breakout ofTOTAL2 would give us a 279.6% upside potential while risking 29.82%.
On the flip side which is where the current excitements are,TOTAL only provides a fairly risky trade with Risk/Reward Ratio of 1.88.
What I am trying to amplify here is even if we were to keep going up in price of Bitcoin, we may still be better off trading Altcoins back and forth rather than just chase Bitcoin.
The most important part of participating in a market is to NOT let your emotions take over control, anytime and anywhere. Be discipline, Bitcoin is NOT the only chance for you to get rich.
I see it as a major red flag despite being early in this bull cycle.
By analyzing
TOTAL and TOTAL2 charts we can better identify where the next opportunity lies.Let's say we hit 2x target measured by the Fibonacci retracement on both charts, trade the breakout of
TOTAL2 would give us a 279.6% upside potential while risking 29.82%. On the flip side which is where the current excitements are,
TOTAL only provides a fairly risky trade with Risk/Reward Ratio of 1.88.What I am trying to amplify here is even if we were to keep going up in price of Bitcoin, we may still be better off trading Altcoins back and forth rather than just chase Bitcoin.
The most important part of participating in a market is to NOT let your emotions take over control, anytime and anywhere. Be discipline, Bitcoin is NOT the only chance for you to get rich.
Transakcja zamknięta: osiągnięto wyznaczony cel
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.