BTC.D
Yesterday, watching Benjamin Cowen YouTube trading video reminded me of the importance of assessing the percentage movement of Bitcoin’s dominance in order to successfully carry out high-probability Altcoin trades.
This is because, in particular, I need to know when it will be best to take profit in regard to my Litcoin holdings.
As we can see above, assessing BTC’s dominance can easily be achieved by using the weekly timeframe, Stochastic RSI, Ichimoku indicator, and trendlines.
Learning Point
- Consider watching more trading videos from Benjamin Cowen on a daily basis to continue improving your trading ability exponentially.
- Waiting patiently for BTC’s dominance to form a trend is key to making high-probability Altcoin trades.
- Knowing how to carry out brilliant technical analysis is providing me with a tremendous edge when trading the markets in comparison to the average retail trader.
Next Action
- Assess BTC.D on a daily basis in order to improve your trading ability.
- Wait patiently for BTC.D to from a trend on the daily and 4 hour timeframe before make any Altcoin trading decisions.
- Continue to share technical analysis charts with others in order to increase my learning, provide value, and strengthen my trading brand and reputation everyday.
