Don't take big positions in alts at current prices

[Nostoman]

Bitcoin Dominance is at the resistance line and if break upwards not good for alts. Dominance is in uptrend on the lower time frames and looks like altseason about to end. Don't take big positions in alts at current prices. We wait till weekend for confirmation and only wait signals that are at support or breakout.

[Andruha1993]

I completely agree with you. Now you need to be very careful on the market, because it is not clear how the market will behave (either we go down or up)

[youdacapt]

We are still unsure if the altcoin season is coming to an end, because so far; alts are merely suffering in price because bitcoin is yet to find a support level yet; the best action at this moment is to continue to monitor the maarket; it could get even dipper; and it could pump too up too. Just keep your portfolio healthy

[Freemind]

I also agree with @Nostoman. I think the best thing to do at the moment is to watch the market and not take risks, because at any moment Bitcoin can start to rise again and the losses would be for the atlcoins. Taking big positions now can empty our pockets, we better be careful and wait.

[zilzylian]

Good advice, I'm still waiting for the Bitcoin price to drop below $ 45k.
At the moment I still hold some altcoins and don't add any more altcoins because the market is not stable yet, the current market situation is still in a big correction position. I hope that early March the price will get better again as the value of the current crypto market cap has started to fall.

[trauchot]

At the moment, it is not at all clear what can happen to the cryptocurrency market, but since there has been a fall from time to time for about a week, most likely we should expect a fall in the near future, so now it is not worth investing in cryptocurrencies and we need to wait for the correction to end.

[TomPluz]

We are really in a big dip right now though it can't be said with finality if the bears are taking over since there is still that chance that soon there can be a big rebound, maybe the market is just consolidating and looking for some big good news to be awakened again. We are definitely in a slumber right now but still getting some kicks from time to time...let's continue watching the market and make informed decision of our portfolios.

[dragononcrypto]

Depends on your time frame and what you're buying in with surely. Putting fiat into the market right now is clearly very risky, but when it comes to Bitcoin value it's been flat for days with no changes (no trade zone mainly) and against Ethereum is still very trade-able (recently bought ADA was great idea).

If you're still hodling shitcoins like usd, eur, gbp, etc, then no doubt they are getting a bit of a dead cat bounce, and could bounce a bit higher, so better to sell at higher levels imo. Anything down 80-90% over the past year and in a strong down trend is due to see a bit of rebound before going lower 

On a Weekly scale Bitcoin dominance is still in a strong downtrend, waiting to break-down so remains very invest-able with BTC/ETH imo:



The second month of a one year long bull market is no time to be getting scared, it's the time to be getting aggressive in positioning yourself personally. I see the break of Bitcoin dominance to 50% as measured by head & shoulders target as well as general multi-year fractal. The fundamental & logical idea of Bitcoin being only half of the crypto market as opposed to the majority doesn't even cross my mind to be honest, I just follow charts.

Also, I prefer this view. The "flip the chart upside down" version looking at the bullish reality long-term:



Biggest volume spike we've ever seen this week so far diversifying into alts? Looks great.
CMF looks great. RSI looks fine.

If you're already mainly holding Ethereum and haven't been diversifying recently you've been doing it wrong though 



 

[robert20]

I think it is not wise to make any trade now. Everyone should wait about a week and obeserve the market carefully. Now the market is seeming very volatile. It would be wise not to make any trade now.

[pealr12]

All this TA talk don't really plays well sometimes,  at present btc is down so does the alts, even when btc dominance was high some alts where still able to perform really well, btc dominance didn't stop them from doing so, am just speaking base on observation

[Anonylz]

All this TA talk don't really plays well sometimes,  at present btc is down so does the alts, even when btc dominance was high some alts where still able to perform really well, btc dominance didn't stop them from doing so, am just speaking base on observation

I think you are right. If you really take a look at the market you would discover that, some of the major ALTs behave exactly like bitcoin in relation to their price movements. Even now, I am kind of surprise if what happens to Bitcoin is not the same thing happening to other ALTs and we hennare the ALTs going to have their time if they will continue to fall anytime bitcoin goes down or vise versa.

[yurez]

It is better not to rush to buy altcoins at once for the entire deposit at today's prices.  Tomorrow the price may be at lower levels, so it is better to buy a little at a time.

[Sharelock]

Yes, you are right. I declare altcoins are currently priced unstable and don't buy at our own risk.
In an unstable market situation I prefer to be short term and look for a little profit. Even though my profit was small, I did it many times so that I could cover my losses when I bought yesterday at a higher price

[Rafiq]

Bitcoin Dominance is at the resistance line and if break upwards not good for alts. Dominance is in uptrend on the lower time frames and looks like altseason about to end. Don't take big positions in alts at current prices. We wait till weekend for confirmation and only wait signals that are at support or breakout.

  I agree with you. The price of Bitcoin as well as other altcoins has already risen significantly. Now if the dominance of the price of Bitcoin decreases, it is likely to have an effect on the price of altcoins. However, in that case short can be traded.

[Fivestar4everMVP]

Thank you for the advice, i totally agree with you, Bitcoin dominance has always been a major factor to how far altcoins are likely to rise or fall, when bitcoin dominance is raising, it shows that whales are withdrawing huge amounts of money from altcoins and putting it in bitcoin, which explains why sometimes, bitcoin alone will be going up while the rest of the altcoins are going down.
This explanation is for the newbies in this space actually, atleast, to help them understand or get an idea of how this things works.