everyone thinks alts pump when $btc does but actually they just stand still and then fall the hardest.
the real pain is sitting on those bags through weeks of chop thinking the rotation is coming only to watch them bleed while $btc and $eth soak up everything. ngl ser you never know when to exit because it always feels like one more candle and altseason hits.
wintermute described this exact setup. altcoin selling is getting stronger and money is flowing into $btc and $eth instead. over the last week alts lost 5.69% on average.
they believe even a bitcoin rally may not pull the alts out of their range. if the whole market corrects those alts could take a much bigger hit than the majors.
what's your take?
#altcoins #bitcoin #ethereum
the real pain is sitting on those bags through weeks of chop thinking the rotation is coming only to watch them bleed while $btc and $eth soak up everything. ngl ser you never know when to exit because it always feels like one more candle and altseason hits.
wintermute described this exact setup. altcoin selling is getting stronger and money is flowing into $btc and $eth instead. over the last week alts lost 5.69% on average.
they believe even a bitcoin rally may not pull the alts out of their range. if the whole market corrects those alts could take a much bigger hit than the majors.
what's your take?
#altcoins #bitcoin #ethereum