if we get pull back the current alt pumps will foreshadow the dump by a few mins/hours
imo, if we see strong pullback alts will dump first followed by people going to BTCUSD and then having it dump.
2 things.
btcusd will pump when there is
- no supply on exhcnges
- funding paying shorts while we are rocketing up
- ppl stuck in alts hodling praying alts go up
btcusd will dump when
- funding very high paying longs
- ppl stuck in alts hoding praying alts go up
what is the lesson from above, dont hodl alts when btc is moving UP or DOWN. you cant win, and the current deadcats and pumps are example of this. dont get stuck when things turn, we had a good week or 2, be careful.
why are alts pumping now? because btc consolidation in this rising channal, typically bearish, however, we are in HTF uptrend with negative funding (or not high funding, its exciting).
we arnt even in next month. if btcusd continues to pump, we are going to have an absolutely crazy time when alts play catch up after the initial omega pump by btcusd. i havnt been this excited since yfi, and then axs, and now what will btc do.
Good luck team!
imo, if we see strong pullback alts will dump first followed by people going to BTCUSD and then having it dump.
2 things.
btcusd will pump when there is
- no supply on exhcnges
- funding paying shorts while we are rocketing up
- ppl stuck in alts hodling praying alts go up
btcusd will dump when
- funding very high paying longs
- ppl stuck in alts hoding praying alts go up
what is the lesson from above, dont hodl alts when btc is moving UP or DOWN. you cant win, and the current deadcats and pumps are example of this. dont get stuck when things turn, we had a good week or 2, be careful.
why are alts pumping now? because btc consolidation in this rising channal, typically bearish, however, we are in HTF uptrend with negative funding (or not high funding, its exciting).
we arnt even in next month. if btcusd continues to pump, we are going to have an absolutely crazy time when alts play catch up after the initial omega pump by btcusd. i havnt been this excited since yfi, and then axs, and now what will btc do.
Good luck team!
Comment:
new highs, idea as made not valid
