this is my new working theory and shows how I believe we are currently in an altcoin bull trap
My theory is BTC.D will pump rekt the atls in Nov, so I am using this falling wedge on ETH as a guide when to jump out of btc and back into alts
does ETH look like a pile of stinking garbage or is it just me?
update looking to catch BTC before the train leaves the station
with Dom breaking down here I could see this happening so I took this trade on XLM
This is my plan, hope it works out I am all in BTC right now fam.. will update my 7 followers tho ;)
been looking at this chart a little and cleaned it up. I am thinking that either LTC will continue to get dumped down to $45 or could enter a rising wedge before dumping again. BTC Dom is still descending slowly down and should resolve itself mid Nov, I also been thinking that soon the stock markets will turn risk on sending the dow up close to 30k ahead of 2020...
cleaned up my chart here and been thinking that LTC could either drop to $45 USD then make a come back or go into a rising wedge that brings LTC back up to $81-$85 before breaking down but if LTC tests the bottom of the channel and cannot break back up into that channel I would assume we going for $45 or lower. I still think that after BTC Dom resolves its...
Hello all, I think this rising wedge on D1 would counter the falling wedge on BTC.D pretty nicely also could make for a nice bear trap that turns into a bull trap that gets everyone sick of alt coins before they lift off alt season.
thinking when BTC.D compresses into the bottom of the descending wedge that I drew on my Dom chart this will coincide with LTC making a run for the 200 EMA on D1, then Dom should break up to around 72% thus knocking alts back down to shit and shaking out the few that didn't pay attention that alts will return to bottom of that channel 1 last time before lift off...