Thread by @crypto_caesar1

1/7 If you believe the cycle isn’t over then the next convincing move MUST come from #Bitcoin. Alts will not rally until #Bitcoin shows strength. Some (with large #USDTether pairings) might see some relief within the #Bitcoin mid-range (between 42-50k).

2/7 However, IMO the altcoins in general won’t rally until #Bitcoin has finished its next big move to the upside printing a new ATH and cooling off. In fact most mid/small caps will probably bleed heavily as #Bitcoin makes a strong move to the upside.

3/7This is due to the small/mid caps having no liquidity in #USDTether but most liquidity in Satoshi value which will be snatched away by traders to jump on the #Bitcoin rally.

4/7 As stated above alt majors (ETH, XRP, Link, Dot etc) will see relief as #Bitcoin moves to the upside but this will only be due to their large #USDTether pairings and they are unlikely to outperform #BTC during this stage of the move.

5/7 Due to the above i only hold spot #Bitcoin and some #ETH. This is because I believe that currently the best RR and ROI is with #Bitcoin as the entire market is waiting for it to make its move. I hold some #ETH due to EIP1559 come July.

6/7 If you are in the dilemma of holding an altcoin which is significantly down I suggest you just HODL and wait for the cycle high before selling. If you are in #Bitcoin like me then I suggest you wait for #BTC’s next big move to the upside then rotate cautiously into alts.

7/7 These are my views. I do NOT think the cycle is over but I do believe the next BIG move MUST come from #Bitcoin. Therefore, I continue to buy spot #BTC at support as the RR and ROI is greater in this asset IMO.

Love to you all ❤️

CC xx