Bitcoin still represents the entire market. The Altcoins do not have enough recognition, and the name of the game is still Bitcoin.
For example, you see some Altcoins breaking out and away from Bitcoin, that's something you never saw happen in the past. So your vision might already be taking place.))
Based on the current structure that is intact at the moment, the buyers are still technically in control.
Usually when there is a break out, the break out candle closes strong which is not happening. This means it is important to pay more attention to the range of the next candle. If price breaks below 11050, that is a sign of weakness which will be confirmed with a close below 10750 which coincides with the break of the bullish trend line . These signs of bearish momentum can be used as catalysts for lightening a position, or as a stop loss, depending on the type of long trade you are managing.
Hi dear @cryptoissweet thank you ))
Bitcoin still represents the entire market. The Altcoins do not have enough recognition, and the name of the game is still Bitcoin.
For example, you see some Altcoins breaking out and away from Bitcoin, that's something you never saw happen in the past. So your vision might already be taking place.))
Based on the current structure that is intact at the moment, the buyers are still technically in control.
Usually when there is a break out, the break out candle closes strong which is not happening. This means it is important to pay more attention to the range of the next candle. If price breaks below 11050, that is a sign of weakness which will be confirmed with a close below 10750 which coincides with the break of the bullish trend line . These signs of bearish momentum can be used as catalysts for lightening a position, or as a stop loss, depending on the type of long trade you are managing.