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TechDev

18 Oct, 3 tweets, 2 min read

“How do I know when to sell #alts?”

Probably the question I get the most.

2 main options:

1️⃣ Develop fib-based targets for each and exit/ladder out as they approach

2️⃣ Sell everything as #BTC reaches the .702 retrace from its peak

Will dive more into 1 in the weeks ahead.

1/2

Getting many questions on 2.

For new followers who may have missed past posts, here’s a summary…

2/2

The .702 Fibonacci retracement is measured from recent high to recent low. So if you think #BTC has topped, wait for the bounce, and measure the .702. If it was the top, alts should run hard and alt market cap should put in a new high (and its peak) as btc reaches the .702.

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More from @TechDev_52

TechDev

@TechDev_52

17 Oct

I want a lengthened cycle. Who doesn't?

But nothing I've seen macro PA-wise suggests it will happen.

Watch your indicators.

2-week RSI channel, RVI 92-93.

If they're hit, I'm out.

Ignore them in hopes of a new paradigm and you're likely to get dumped on by those who don't.

So it’s clear, by “I’m out” at those indicator levels, I mean that:

1/2

- I will expect that we have seen the #BTC top and will exit #BTC
- Will watch for #BTC to retrace up to the .702 from the top over 2-4 weeks
- During this period I expect alts to go insanely parabolic