Is Altcoin Season Coming...All Depends On Ethereum???

4 months ago
1 Min Read
267 Words

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Bitcoin dominance refers to how much money is held in bitcoin, compared to other cryptocurrencies. It’s essential the relative strength of Bitcoin vs. altcoins. People have been talking about the coming of age of a resurgence in alt coins for years, but I ignored all the noise, until now as I continue to go down the crypto-space rat hole.

https://finance.yahoo.com/news/bitcoin-breakout-while-ethereum-consolidates-151516800.html

https://www.newsbtc.com/2020/09/15/how-one-line-in-bitcoin-dominance-is-standing-in-the-way-of-alt-season/

MY TRADING METHODOLOGY IN A NUTSHELL BELOW

I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.


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