SatoShinobi

Reversal for the altcoins on the 16th of may

Long
FTX:ALTPERP   Altcoin Index Perpetual Futures
hey what's up traders I hope you're doing well despite the BlackRock / Citadel sponsored attack on LUNA.

Considering the fib levels of the fib circle based on previous critical resistance we just exited the bearish 2.618 and should start a more bullish phase.
There is even a bullish ABC wave showing a possible reversal for the altcoin market if it finds its new support around these prices. If we follow the fib circles on the 29th of August I would guess the top will be in and on the 8th of November the lunar eclipse will influence the altcoin market so that a bearish reversal is likely to happen.

On top of that astrology and the moon will be on our side during its lunar eclipse on the 16th which means we should expect a market reversal +-1 day from the 16th.

BUT the mad instability worldwide is so uncertain that it is primordial to only put money you can afford to lose. If things continue as it is we should see an economic collapse before the start of June.

These are only my own insight based on data I've got and the status of actual geopolitics so always DYOR to get other data points so you can make the best possible decision.


So that's it for today mates I pray for you all and until next time ! :D
Comment: ALTPERP's state looks like it'll start it's move next week maybe even sooner lots of fear in the market that's when smart money enters huge positions.

not to mention the lunar eclipse will most likely influence this reversal we're all waiting for

Crypto will rise from the ashes mark my words

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.