Hello everyone, this is our view on altperp, enjoy!
Analysis:
Their were nothing and they're supposed to be nothing. But we can make good profit as well. We're now approaching sellzone in a big bull flag which we're not breaking out these days for sure due to no volume in most of alts. We had a good time, but now a big dump is coming for Bitcoin too. We've just ended a no reason (classical reason to see one) parabolic move, now preparing for the following falling wedge. Ended the Elliott impulse waves, so now expecting a retracement through C. Golden cross ma50-ma200, but i believe that's due to very large movement we made according with bitcoin. First target short will be on ema200. Already below wma10, now minor resistance. Waiting for the next pump through the upper band, which will certainly mark an higher high in overbought and then dump it straight to lower band. Ichimoku cloud is thin as there was no resistance during the pump. Bearish divergence on fisher transform and on many laggings (chaikin, moneyflow, rsi, stoch and uo, all of them from overbought), which of course have good room for a leg down in an uptrend, but it could be very large as well. In particular stochastic looks very bearish on many different lenghts (14,3,3 ; 20,3,3 ; 14,3,50 ; 14,3,100). Bearish momentum on ao, which also marked a bearish divergence. On the other hand macd looks very good in momentum, but formed a bear pattern and a death cross too. Big G accumulation on greed & fear.
Strategy:
Just like btc, expect one more higher high (lower high on bigger timeframes) and then the dump. Alts will bleed, go short on them while growing another 2-3% before the dump. Always put stoploss in your trades.
Trade safe. Anlvis.
Analysis:
Their were nothing and they're supposed to be nothing. But we can make good profit as well. We're now approaching sellzone in a big bull flag which we're not breaking out these days for sure due to no volume in most of alts. We had a good time, but now a big dump is coming for Bitcoin too. We've just ended a no reason (classical reason to see one) parabolic move, now preparing for the following falling wedge. Ended the Elliott impulse waves, so now expecting a retracement through C. Golden cross ma50-ma200, but i believe that's due to very large movement we made according with bitcoin. First target short will be on ema200. Already below wma10, now minor resistance. Waiting for the next pump through the upper band, which will certainly mark an higher high in overbought and then dump it straight to lower band. Ichimoku cloud is thin as there was no resistance during the pump. Bearish divergence on fisher transform and on many laggings (chaikin, moneyflow, rsi, stoch and uo, all of them from overbought), which of course have good room for a leg down in an uptrend, but it could be very large as well. In particular stochastic looks very bearish on many different lenghts (14,3,3 ; 20,3,3 ; 14,3,50 ; 14,3,100). Bearish momentum on ao, which also marked a bearish divergence. On the other hand macd looks very good in momentum, but formed a bear pattern and a death cross too. Big G accumulation on greed & fear.
Strategy:
Just like btc, expect one more higher high (lower high on bigger timeframes) and then the dump. Alts will bleed, go short on them while growing another 2-3% before the dump. Always put stoploss in your trades.
Trade safe. Anlvis.