nagihatoum

SHITPERP a general pullback in Alts

Short
FTX:SHITPERP   Shitcoin Index Perpetual Futures
I am putting out a lot of bullish charts for what is considered "shitcoins". I am always at the lookout for topping signals and this index of some 50 shitcoins is in a rising wedge , reached resistance and formed bearish divergences on the daily. Price reached the 1.217 extension commensurate with the waves of a starting diagonal. So if this is wave one of alts season just imagine where wave 5 ends.

At the end of August 2020 I thought Alts season started and could not be stopped. I didn't pay attention to topping signals. The outcome was a slump in Alt coins until now. The idea is below.

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