Thread by @BullishKid, MARKETOVERVIEW MACRO:I will be showing you the HTF views of $TRX, $ADA, [...]

MARKETOVERVIEW MACRO:
I will be showing you the HTF views of $TRX, $ADA, $LTC and $EOS against USD/BTC and explain why I think we are around a point of maximum financial opportunity out of the view of a swingtrader like I am
All this coins above show for me HTF reversals/super RR

1. $ADA /USD pretty much of the bottom of its range. Constant decreasing volume on a "correction" with shortterm spikes on the recent push. We are back at the basis
$ADA /BTC also at the bottom of the range
Comparable with the USD chart it had more shortterm pushes.

2. $LTC /USD back at the bottom of the range after an pre-halvening uptrend. If we look back - usually the post halving runs on $BTC are the "real" runs. Decent reaction from the basis so far.
$LTC /BTC trying to form a round bottom. High frame divergences.
Quick mover <- signal

3. $EOS /USD made a wonderful higher low with a really good reaction - "mentally inserts uptrend line"
$EOS /BTC trying to form a bottom to get back inside the range. But definitely the weaker pair in my eyes

4. $TRX /USD similar to the EOS structure, violent reaction on the bottom of the range pulling a higher low.
$TRX /BTC also here the weaker pair where I would like a break into the range before thinking of swinging it.

5. $XRP /USD, to swell or not to swell. Strong reaction from the bottom of the range, with some wild wicks. Has definitely space to move up if it breaks that 0,3$
$XRP /BTC what an ugly chat...bounced from the basis of the 2017 mega run. The chart i have the least opinion on

6. So what do I make from this? Literally most USD pairs are trying to reverse/reversing at the bottom of their ranges, while mostly the $BTC pairs look weaker for me here

In General: Where for now the bias Major/USD pairs would have been short bounces - we are now long dips imo

7. On the other side, what does this mean for $BTC?
2 major options:
1 - BTC retrace into Major/BTC pairs showing strength (bottomed USD) - BTC pairs into ranges
2 - BTC goes for a run which explains the bullish /USD pairs, where the BTC pairs will bleed slower then BTC runs

8. IMO option 2 has a higher probability, as Majors would need a catalyst to have a lot of USD inflow for them to pump against a weak BTC (bigger moves of BTC)

IMO most BTC pairs are bottomed/bottoming, while USD pairs will go on a run with BTC - with BTC pairs to follow after

9. This are WEEKLY charts, so this is not a 5 day 20% trade, nor do a few % up or down matter much as long the range holds.
For me this is a general view, adjusting my bias and choosing my plays more carefully preferring USD pairs

Bullish BTC and ALT/USD until proven otherwise

10. Why do you want to long an ALT/USD pair when longing BTC would be easier?
Because seeing the above charts, especially $LTC for example where also the BTC pair is looking lit, its like double leveraging but with less risk.
You basically save yourself the swap from BTC to ALT

11. This means, in comparison to 2017 - Majors started pushing ALOT before BTC was finished with its run. Would you have done a perfect timed swap?
Longing a bottomed USD pair with a hopefully strong/bottoming BTC pair does the job for you.

12. It may not push 1:1 with BTC, but when the reversals happen/ranges hold your USD pair will still pump, while once the BTC car starts pushing (which is usually a lot more violent) you literally don& #39;t have to do anything. Because you have both in your position.

13. Now what do you think? Where am I thinking wrong?
Or do I hit your thoughts?
Discussion is welcome, just please don& #39;t make me cry!

14. Some asked why is $ETH missing? Isn& #39;t it the biggest altcoin?
Here is why I think we are close to cycle lows on $ETH BTC too
4/4 cycles took exactly 357 days. Not a single cycle did lead to a dump or negative PA initially even in the bear market.
$ETH often leads alts right?

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