LTCBTC vs BTCUSD - Altcoins -

21 mar 2023

I noted that BTC would pause around 28k and alts would play catch up. This is a necessary sweep for alts as new money in terms of fiat are falling flat. The timing is perfect with momentum strongly in Bitcoin's favor, the algos sold off / liquidated alts into BTC for mild gains (in BTC pairings) but in return now get to capitalize on those gains + a discounted alt price + confirmation of many alts retesting lows. It really is a beautiful thing to watch. Having reduced my position each time LTCBTC failed one of my major trendlines, I found being patient to renter very difficult. Soon it became apparent that alts would decouple from BTC and do some "discovery" below. Now is the time for being dedicated to a plan and diligent to see it through. That could be in the form of confirmation of the price capturing a level above or you could simply start taking a position here, only adding to it with more drops and/or the confirmation mentioned previously. Personally I like the odds and if your plan includes risk management than even better.