Get started
Pumptruck2

Crypto Market breaks parabola. Time for a dump

Short
Crypto Total Market Cap, $ (CRYPTOCAP:TOTAL)  
Pumptruck2 Updated   
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
Trend Analysis Chart Patterns Bitcoin (Cryptocurrency) Cryptocurrency Ethereum (Cryptocurrency)
3
0
trendanalysis chartpattern bitcoin cryptocurrency ethereum
The market has broken below its parabolic advance since the bottom in December. We will likely see a 50% retrace from highs or more. That will be the time to accumulate for rally which will break ATH on BTC
Trade active
Comment:
In Profit now, Target $9000 for BTC re-entry and $190-220 for ETH to re-enter ALTS
Comment:
BTC should bounce till $11-11.2k here. Look to short there for $7-8.4k target
Comment:
Adding to shorts here at 10.6k. Stop 11k
Comment:
snapshot
Seems like we have channel here. I will look to close out my shorts and go long on BTC and major Alts on the next retest of the bottom line. 4hr close above $11k Invalidates shorts.
Comment:
snapshot
Btc has an new H&S so dump might be coming. I think the inverse H&S is invalid since right shoulder length is too long
Comment:
Maket Structure looks so much like 2018 its scary
Comment:
Market sentiment on Alt coins is absurd. People taking out loans to long XRP. We might be heading for a very deep correction
Trade closed manually:
We got a 40% dump, Im out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.