Post
Topic
Board Altcoin Discussion
Re: When to know Bitcoin has reset?
by
dimonstration
on 16/02/2022, 11:59:45 UTC
I'm learning how to trade crypto and I hear a lot say that it's best to invest in Coins when Bitcoin resets. So what are the signs that Bitcoin is resetting? Not asking when it resets only God knows but when a reset has happened?

When you see the double or multiple bottom or top in a long time frame not 1HR timeframe or below. This is a common sign that Bitcoin already reset or simply the reversal of the trend. There's always a retest on resistance and support at that time but it usually be broken on a couple of days to continue the trend. You are right that altcoin make a move after the BTC finish it's own phase of the trend. Trader usually miss this and only look on shorter time frame chart which result to incorrect technical analysis.