JonnyTCrypto

Broader market direction with actions

BINANCE:ETHUSDT   Ethereum / TetherUS
I see 2 courses of action from here. So I am majority stable for now, these are my orders for each action.

1. ETH and BTC rally from here making a new substantial ATH. From this COA I will be buying major alt pairs when they inevitably bleed out during the run.

2. ETH and BTC correct here and we see a major dip in the market. I will then look to accumulate ETH 3.6-4.1k, then filter back into alts.

If COA 1 is put into play, we will miss the first move yes. But imo this could go either way here.

One to note, funding rates are very low right now. Making me lean towards ETH and BTC potentially moving upwards first.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.