SamHuynh
Long

Alt Season is coming within next 1 or 2 weeks

POLONIEX:STRBTC   Stellar / Bitcoin
Basing on my observation of some alts' movement ( XEM , STR , ZRX, STEEM, ETC,...), I think the next alt season is coming again within next 2 weeks.
this prediction is also matched with the upcoming 2nd meeting of G20 for clearer regulation and SEC's decision for BTC ETF


sit tight and have your cash to be ready when the bull season starts again :)
Comment: This is not financial advise. Plz don't take my post too seriously :)
Comment: zrx starts first :)
Comment: now it is STR, zec . ok, im sorry guy, my timeline is wrong. hahaha
Comment: if you are worried about btc, i think the current dump is just a SHAKE OUT. Alts are moving exatly as what happened in April's pump . Soon you will see btc goin up :)
Comment: Just a reminder . You can’t ignore this post :)
Comment: what should we do now ?
start accumulating your favorite altcoins obviously :)
Comment: some coins have pumped crazily right now
some coins drop like shit in btc term
some still won't move

I will say that during this weekend:
- coins pumping crazily will cool down
-coins not pumping yet will go up

will this become true ? let's verify it during the weekend LOL :)
Comment: the way coins retrace is unusual and very bearish. Buy orders should be careful. Thing is depened on how btc retraces now
Comment: btc 's domination keeps rising. Alts in term of btc are making NEW low. Something doesn't feel right to me for a real bull rally. Caution needs to be taken
Comment: NOT a good time to play alts in short-term
Comment: warning has given before the dump happened :)
Trade closed manually: seeing how alts in term of btc make NEW LOW
and all of the gain of Alts(ETH, ETC,...) in term of USD have been wiped out 100%.

i will say that alt seasons might not start yet.

Right now it is the time for playing btc. Too dangerous at playing alts now

1. if btc goes up, alts in term of btc will go down more

2. if btc goes down, alts in term of btc will either go down or hold the same value.


Conclusion, Don't PLAY alts in term of btc now
Comment: btc has broken the downtrend resistance = alt season is actually coming soon
Right now we only need BTC to be in sideway for alts to shine
Comment: lot of alts-btc are in bottom now. Find your favorite TOP coins and play. Don't miss the short alt-season :).
P.S : I am not familiar with low cap coins . Too dangerous to play them during this period. Only Top coins are safe bet

Comments

This 1hr candle rejection from 7.68 to 7.3 looks like the one at the neckline 6.8 rejevtion few weeks ago..it would not be a simple retracement...
Reply
SamHuynh Turningmecard
@Turningmecard, this type of bull trap rejection has happened multiple times . Lets hope we can see 6.8k - 7k :). It won't just drop straightly down . There will have bounces in the middle
Reply
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