A question i couldnt answer since the start of my trading journey, would appreciate any ideas
A question i couldnt answer since the start of my trading journey, would appreciate any ideas
You know all the edge and set-up’s and strategies for trading, my question is why look at the coin charts or find your setup if all coins do is fallow bitcoin. I know the bitcoin dominance charts but just pull any coin and you will most likely see that it is mimicking btc moves. So what is the move here, if i only trade btc i will hardly encounter my setup, i like that crypto markets are open 7/24 thats why I want to make it happen. I would appreciate any idea or comment, i still consider myself beginner
You are right with BTC being the premier and everyone follows them! But there are swing traders trying to make money going up or down, I personally use coin as the world is gonna crumble safety net with the dollar devaluing itself
Btc is main and everything follows your correct. The market follows its power, when it has downtime or running its high power. It gives everything else enough food to swing up their charts & make their own power moves. Than once btc wants to make another power move. Market follows
Whatever you trade besides btc be extra cautious & lower leverage if your leverage trading
Price action is fast