I’m sensing a reasonable pullback. Several reasons.
Fear and Greed index Ascending Bearish Expanding Wedge RSI reversal divergence (daily) and… Divergence is taking place inside the grey box on the weekly!!! Huge alarm YouTube is full of optimism Shooting star weekly candle Volume decreasing
Possible for a top of 73 before the big pullback. Also possible is a sudden drop to 50, then another drop to 40. I know, it’s grim.
But the signs have begun, and this whole year has been a shake out. So I’d expect a shake out here as well.
Curiously, is growing gap anticipation of a move in BTC/USDT and in ALTCOIN/USDT market. If bitcoin goes down, there can be no altmarket growth. But alts growth is deduced from the readiness of dominance to fall. If Bitcoin falls, all trading pairs will suffer and dominance will not help here. But judging by reviews, people don't catch this difference. Huge anticipation of altseason, while the number of short Bitcoin predictions is growing.
BlakeWissemann
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@averkieskila perhaps everyone is secretly (hoping) expecting BTC to go sideways so that alts can run…. But I hear ya mate. And I agree. Why expect alt season if BTC won’t run. In my previous publication I was bullish on alts but not so much BTC. And I can see that mistake now. That said, I swing trade. A few days ago I was very bullish on BTC. Now I’m not sure. Normally I publish something when I feel a change has happened. Usually I find I’m a bit early. And I don’t see the point in charting alts, because they need BTC to run. So I get what your saying
BlakeWissemann
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That’s why I started selling many of my alts. I did a massive alt cull. It was a Binance blood bath. Because even though they have been good to me, I don’t feel like risking it on this one, and profit is profit. Waiting on a signal. Low volume means pump/dump soon