$BTC vs $USD pairs
How to play?
BTC Up-Trend = Play USD Pairs
BTC Down Trend = Play BTC Pairs
BTC sideways = Play Both
BTC indecisive = Be selective & be prepared to jump either ways on short notice
This is relevant if #Bitcoin Dominance is high & rising up
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If #Bitcoin dominance is diminishing & on its way down, we can play:
$BTC Up-Trend = Up-Trending ALTs with stronger trends than BTC can offer higher profits in USD terms. You get the benefit from BTC up trend + ALTs uptrend
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If #Bitcoin dominance is diminishing
#BTC down trend = Play BTC paired ALTs with strong up-trends. This will help you to beat negative BTC returns & accumulate more #Bitcoins
#BTC sideways = Play whatever is trending
#BTC indecisive = Be prepared to jump either ways
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If your only purpose is to accumulate more and more #Bitcoin than keep it simple
Keep your base currency as #Bitcoin & hold #Bitcoin during strong $BTC up-trends
Sell your $BTC only if it starts struggling against strong resistance
Trade $BTC when it stops trending
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Now a lot of you may or may not agree & that is because there are some who calculates their profits in Fiat terms and some who prefers to accumulate more #Bitcoin
You have to decide what you want to achieve as your end goal
Make money in Fiat or
collecting more bitcoin /6
If your sole purpose is to collect more #Bitcoin & your base currency is always $BTC than you don’t really care much for Fiat returns
In that case you may always hold $BTC & Trade your #BTC for ALTs “only if $BTC is down trending & BTC paired ALTs are up-trending”
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If your sole purpose is to make money in Fiat / USD terms, your life is super easy
All you care is, what is up-trending in USD terms. If #Bitcoin is up-Trending you are buying and selling $BTC
If not, wait for up-trends to develop in USD terms for any other coins
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Remember an ALT May go down against #Bitcoin heavily or go sideways against $BTC but still outperform profits / returns in USD terms, purely because #Bitcoin itself is up-trending against USD
In short #BTC Up-trends = profits for USD returns seekers across the board
There is always a dilemma about when to trade ALTs & when to hold #Bitcoin it you are a $BTC maximalist
Keep it simple
Hold $BTC during strong #BTC up-trends but trade them for ALTs if you manage to identify an even stronger trend for a BTC paired ALT
Hope this helps 🙏
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