Tpc With Naeem Al-obaidi

BITCOIN & ETHEREUM DUMP INCOMING AND ALTCOIN SEASON IS OVER?

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Synopsis

*IMPORTANT NOTES Bitcoin dominance may be on the brink of a massive influx of strength. If I am correct, it looks like whales are in the early phases of moving their altcoin profits back into Bitcoin.  Assuming this is true, we will start seeing a flight of capital move away from altcoins like Ethereum, Cardano, & Ripple to take profits by moving back into Bitcoin. We may be in the early macro stage of a reversal in BTC.D trend to see strength into Q3 & Q4.  If this is true, depending on your tax situation, the best method of navigating this portion of the market cycle will mean hedging altcoins profits back into BTC. It will ensure that less capital is lost with any market correction, assuming Bitcoin sees less % downside than other coins.  The key to this is to re-enter altcoins after the cycle begins to tip the other way.  To expand on this further, I believe Ethereum will form a new all-time high before the end of this year. However, this does not mean it will happen soon.