1K7fN131LXFPDSZkdyzHuChKPcUXjMhPDE (4840) ·
❗ALT SEASON❗
I have posted twice about this breakout on twitter,
alt season has commenced, traders could expect to see the market cap of alts climb to near %20 of total market cap,
thoughts are my own, not financial advice:)
Replies
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
sorry, can't resist. it'd be helpful to understand your chart if it didn't suck. I mean. Let me start over. If your chart didn't look like you arbitrarily drew lines with hindsight bias, and was based on some charting technique using price and volume mebe?
1LeVwABdDk7BywKon6U1uMm7SrnTcSsHc2 ·
So harsh
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
alt season to me just sounds like bitcoin losing more.... yeah, I got some biases
1LeVwABdDk7BywKon6U1uMm7SrnTcSsHc2 ·
That’s why I exited. The increase in BSV appears linked to overall market conditions and nothing on its merits. I’m waiting for an opportunity to buy back in maybe at 225
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
hopefully you took a profit?
1LeVwABdDk7BywKon6U1uMm7SrnTcSsHc2 ·
I think ~20%
1K7fN131LXFPDSZkdyzHuChKPcUXjMhPDE (4840) ·
Head and shoulders is the most reliable of technical analysis patterns.
the longer the the pattern takes to form the more reliable.
you can see the large increase in volume on the chart,
this does not mean we go straight to 20%
not in hindsight...
1K7fN131LXFPDSZkdyzHuChKPcUXjMhPDE (4840) ·
we will find out how badly my chart sucks in time my friend:)
1K7fN131LXFPDSZkdyzHuChKPcUXjMhPDE (4840) ·
btw, this does not mean we cant come back down to re-test the neck line of the pattern, before hitting target.
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
let's make it interesting. You're saying Bitcoin Dominance will drop from 53 percent to 20 percent. Is that right? Can you put a time frame around it and we can make it interesting.
1K7fN131LXFPDSZkdyzHuChKPcUXjMhPDE (4840) ·
No i am saying alts could rally to from %12.5 to %20 = %7.5
meaning bitcoin could drop to 50-51%
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
but when? I mean sure it'll slosh around and eventually hit that number. And what are you measuring as an alt. Last I checked 100-53 wasn't 12.5
1K7fN131LXFPDSZkdyzHuChKPcUXjMhPDE (4840) ·
history of btc market cap dominance. currently 56.29
1K7fN131LXFPDSZkdyzHuChKPcUXjMhPDE (4840) ·
just like #Twetch's S000OOOooooonnN
1K7fN131LXFPDSZkdyzHuChKPcUXjMhPDE (4840) ·
When? Now!