Very Important Warning for the Altcoin Market ⚠️
The OTHERS/BTC indicator has now reached a very important resistance zone.
Usually, a drop in this indicator means that liquidity is moving from altcoins toward Bitcoin, which puts pressure on the performance of altcoins versus BTC.
Imagine, dear reader, that if this resistance is rejected and price returns toward the uptrend, we may witness a sharp bleeding in altcoins.
Therefore, this zone deserves extreme caution.
The OTHERS/BTC indicator has now reached a very important resistance zone.
Usually, a drop in this indicator means that liquidity is moving from altcoins toward Bitcoin, which puts pressure on the performance of altcoins versus BTC.
Imagine, dear reader, that if this resistance is rejected and price returns toward the uptrend, we may witness a sharp bleeding in altcoins.
Therefore, this zone deserves extreme caution.
