Skyrexio | If This Happens Altseason Is In Danger
Hello, Skyrexians!
Today we have the sad analysis for you because altseason really has the high likelihood to be cancelled. The main chart for that
OTHERS.D is about to break the great formation for trend continuation. If this will happen altcoins will lose -80% of its price. It's not a big secret that this cycle majority of people have a lot of altcoins, that's why only Bitcoin pumps from month to month.
Let's take a look at the weekly time frame. After the previous altseason price is printing triangle shaped wave 4. This wave is about to be finished, but I feel something bad. ABCDE pattern will be broken if this triangle is going to be broken down. It can be fatal for altcoins, taking into account the fact that Bitcoin has also great probability of correction.
What can save altcoin's holders? The green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] will give us confidence that the wave 5(green scenario) will happen. Otherwise, the next station is hell for alts.
Best regards,
Skyrexio Team
___________________________________________________________
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Today we have the sad analysis for you because altseason really has the high likelihood to be cancelled. The main chart for that
OTHERS.D is about to break the great formation for trend continuation. If this will happen altcoins will lose -80% of its price. It's not a big secret that this cycle majority of people have a lot of altcoins, that's why only Bitcoin pumps from month to month. Let's take a look at the weekly time frame. After the previous altseason price is printing triangle shaped wave 4. This wave is about to be finished, but I feel something bad. ABCDE pattern will be broken if this triangle is going to be broken down. It can be fatal for altcoins, taking into account the fact that Bitcoin has also great probability of correction.
What can save altcoin's holders? The green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] will give us confidence that the wave 5(green scenario) will happen. Otherwise, the next station is hell for alts.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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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.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
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.