not looking particularly great. Possibly bull trap. broke through support at 630 sats. More concerned with BTC possible dumping again. SC still in bull trend, but it doesn't look like it will go up today
sad day. Stopped out like I said I would at 630 to exit into usdt. It looks like once again bitcoin is raining on the altcoin party. I expect it to fall back to the trend line and next support level at 560-580 before resuming the bull run.
Or not, 600 sats price support held strong and seems like many buys going through all of a sudden. could be headed up from here.
@BenjaminDeCock, If you want to buy, by all means, go ahead and buy. I think right now the smartest move is to sit in usdt until btc is done with this dump and then buy back alts which are currently falling, then you get double bounce back profits. Waiting to buy along the trend line may mean missing out, but it is also the best way to maximize risk/reward ratio
@nanozeus99, I'm unsure whether we are finished with the dumping or not, but alts are all bullish, so you might want to consider buying in anyway and just hedging in btc. If btc has a clean break above the 2600-2650 zone, we're done, otherwise it could see another round of sadness. At this point it doesn't look so bad.