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ALTPERP D1: 40% correction WARNING/ a/b/c/d (NEW)

Short
FTX:ALTPERP   Altcoin Index Perpetual Futures
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ALTPERP D1: 40% correction WARNING/ a/b/c/d (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT ALTPERP Just showing
signs of weakness and recommend to stay out
of this market into the correction.


🔸 Summary and potential trade setup
::: ALTPERP D1 chart review
::: updated/revised outlook
::: correction MODE in progress
::: sequence of lower highs - BEARS
::: BEARS FLAG progress / WEAK SETUP
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: limited upside from here due to
::: general market weakness and BTC weakness
::: S/R was re-tested and we are still flushing
::: price/ RSI div very clear on D1/H8 TF
::: expecting correction/pullback mode
::: CORRECTION required to attract
::: new buyers from the lows
::: 40-50% correction possible next
::: 4-8 weeks in May/June 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: STAY OUT / CORRECTION WARNING
::: BULLS stay out until correction is over
::: correction run not over yet
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION

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