ETH overbought since Nov. 2021 with ETH/Gates alliance scam!
Crypto Market MC Update, for May 3, 2022 @ 05:04 UTC :
Bull investors, don’t be fooled by the deep-pocket scammers (ETH/Gates).
Crypto’s Total MC is at the lowest range its been since April 8, 2022, and breaking new lows today…shorting bears are playing with fire here and weak holders are selling in hope of buying lower and panic selling is being done by weak investors that don’t understand that we have the bears by their balls in a bear squeeze! ETH is overbought since November 21, 2021. Please see my new idea post for the details on this!.
24H Volume$ Change B USD is currently mildly active at 63% of its H/L swing range and V/
MC (turn) at 4,57% is at 83% of its normal H/L swing range for that indicator. I measure this turn in relativity to the MC weakness and see that active traders are currently dumping the coins by shorting them with my ratio indicating 82,3 overselling right now by the Bears that are playing the shorting game. However, this is now well below the 234% overselling that occurred 2 days ago at the peak of the shorting bears' attack when Crypto’s MC was plummeting. This bearish bias is based on a manipulated market (i.e. based on scammed trades since Novemver 2021). The bulls' long-term investors that have been screwed by this major scam, who understand where cryptography science is going and who know the value of BTC and the quality protocols are simply buying all reaming supplies of BTC and quality Altcoins at these prices.
So what is happening here is that short traders are turning fast and playing against themselves. Only the weak holders are dumping or shorting right now. Smart traders and bull investors are long and bullish right now!. The bear squeeze is in full effect.
Altcoins average gains are only 14,12% gains above BTC's relative 24 hours performance gain, which is now improving but still lower than its normal range for Altcoins (i.e. range @ 18%-22%).
BTC’s dominance is making new highs, currently at 38,99% and is @ 94,95% of the monthly range (with ETH’s having a weaker dominance day at 18,25% and is @ 85,71% of its monthly range).
Long Bulls Keep Calm and keep pumping it up starting with BTC and buying quality Altcoins! The Crypto Market is too short and shun ETH for its major camming practices.
Keep accumulating on good quality coins, while shorting only ETH other pump and dump scams (like APE). Don’t be scared by fearmongers and weak panicked sellers! The market will move towards this discipline as real value is confirmed on the leading coin protocols.
BTC’s dominance is making new highs at 38,75% and is @ 100% of the recent monthly range (with ETH’s having a weaker dominance day at 17,89% and is @ 46,15% of its monthly range but has come back from making new lows yesterday!).
Short ETH and buy BTC! Read my other posts and think it through. Tell me what would be the outcome on the transfer of wealth if all the long retail investors sold their ETH coins and bought BTC (and quality Altcoins), as well as the bears shorting ETH and after buying as bulls on BTC (and quality Alts)! All retail investors would win! Win-win for all!
Long Bulls Keep Calm. Recommending accumulation on good quality coins and shorting only the dogs. Don’t be scared by fearmongers and weak panicked sellers! The market will move towards this discipline as real value is confirmed on the leading coin protocols.
The Bulls are back in town!
O_M_S
Bull investors, don’t be fooled by the deep-pocket scammers (ETH/Gates).
Crypto’s Total MC is at the lowest range its been since April 8, 2022, and breaking new lows today…shorting bears are playing with fire here and weak holders are selling in hope of buying lower and panic selling is being done by weak investors that don’t understand that we have the bears by their balls in a bear squeeze! ETH is overbought since November 21, 2021. Please see my new idea post for the details on this!.
24H Volume$ Change B USD is currently mildly active at 63% of its H/L swing range and V/
MC (turn) at 4,57% is at 83% of its normal H/L swing range for that indicator. I measure this turn in relativity to the MC weakness and see that active traders are currently dumping the coins by shorting them with my ratio indicating 82,3 overselling right now by the Bears that are playing the shorting game. However, this is now well below the 234% overselling that occurred 2 days ago at the peak of the shorting bears' attack when Crypto’s MC was plummeting. This bearish bias is based on a manipulated market (i.e. based on scammed trades since Novemver 2021). The bulls' long-term investors that have been screwed by this major scam, who understand where cryptography science is going and who know the value of BTC and the quality protocols are simply buying all reaming supplies of BTC and quality Altcoins at these prices.So what is happening here is that short traders are turning fast and playing against themselves. Only the weak holders are dumping or shorting right now. Smart traders and bull investors are long and bullish right now!. The bear squeeze is in full effect.
Altcoins average gains are only 14,12% gains above BTC's relative 24 hours performance gain, which is now improving but still lower than its normal range for Altcoins (i.e. range @ 18%-22%).
BTC’s dominance is making new highs, currently at 38,99% and is @ 94,95% of the monthly range (with ETH’s having a weaker dominance day at 18,25% and is @ 85,71% of its monthly range).
Long Bulls Keep Calm and keep pumping it up starting with BTC and buying quality Altcoins! The Crypto Market is too short and shun ETH for its major camming practices.
Keep accumulating on good quality coins, while shorting only ETH other pump and dump scams (like APE). Don’t be scared by fearmongers and weak panicked sellers! The market will move towards this discipline as real value is confirmed on the leading coin protocols.
BTC’s dominance is making new highs at 38,75% and is @ 100% of the recent monthly range (with ETH’s having a weaker dominance day at 17,89% and is @ 46,15% of its monthly range but has come back from making new lows yesterday!).
Short ETH and buy BTC! Read my other posts and think it through. Tell me what would be the outcome on the transfer of wealth if all the long retail investors sold their ETH coins and bought BTC (and quality Altcoins), as well as the bears shorting ETH and after buying as bulls on BTC (and quality Alts)! All retail investors would win! Win-win for all!
Long Bulls Keep Calm. Recommending accumulation on good quality coins and shorting only the dogs. Don’t be scared by fearmongers and weak panicked sellers! The market will move towards this discipline as real value is confirmed on the leading coin protocols.
The Bulls are back in town!
O_M_S
Note
Look at this chart and tell me what's wrong with this picture:ETH vs.Crypto MC vs. BTC's alpha gains since July 18, 2021,
where ETH/Crypto MC @ 1,36x
and ETH/BTC @ 2,03x.
Read my prior post on ETH/Gates alliance Crypto's biggest scam!
Sort ETH and buy BTC!
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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.