Last night the indicator went off.
On the 3-day timeframe, a red "sell" candle lit up at
#BTC.D dominance, interesting to see what comes of it.
I remind those who are not in the know that when this indicator was going down, altcoins began to rise and vice versa.
Earlier, when the number of coins in the market was not counted in tens of thousands, many focused on this ticker, now times are different, but in the short term, this can be monitored.
Above 60% on this value will trigger a continuation of a strong correction in coins, while a drop below 58.76% will give a good bounce in altcoins.
And again, everything is on the chart, and again, levels decide everything. Even here.
By the way, look at the example on
$LTC of how a false breakout was implemented and the price is trying to approach the level again.
And now look at what stop you should have had when entering such a deal.
Less than one percent 😉
Risk/reward in such setups should be at least 1 to 3, anything else is not worth considering.
Let's watch today for
$C98 and other coins. Practice drawing levels.
Wishing everyone a great day 🙌🏻