$BTC D #TOTAL2
Old but Gold post 💎
We are almost at the end of the month and as I usuallly do, it's important to take a moment and analyze the global market picture and adapt your strategies accordingly.
In this regard, your two main "allies" will be the BTC Dominance and Total 2 charts.
Let me break down everything for you 👇
BTC dominance is approaching a critical resistance level at 59.40%.
This level is significant as it marks a separation point from Bitcoin's 2021 highs.
The current rise has been sustained for two years, so I wouldn't be surprised to see a rejection at this level, even if we manage to cross it.
What Would That Mean?🔍
If the #BITCOIN dominance will keep rising, altcoins are likely to underperform while Bitcoin continues to shine.
However, if that rejection occurs, we might be on the verge of a mini altcoin season that we have been waiting so long.
The Total 2 chart appears to be forming a bullish flag, indicating potential upward momentum incoming soon
1T Mcap will be the first target with huge upside possibilities till 21's highs.
How will my strategy change?✍️
👉 Simple: until bitcoin makes its direction clear, my trading strategy will be to focus on scalping with aggressive TPs and very tight stop losses.
👉 If altcoins start to bleed first, I will likely take advantage of buying some dips at keylevels, as altcoins might soon begin to rise ( I am expecting Q1 25)
👉 Lastly, keep in mind that the global outlook is still very weak.
The U.S. election could turn into a major "sell the news" event if #trump wins.
Let me know down below what's your strategy for the upcoming months 👇
