Crypto Market breaks parabola. Time for a dump

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

Note

In Profit now, Target $9000 for BTC re-entry and $190-220 for ETH to re-enter ALTS

Note

BTC should bounce till $11-11.2k here. Look to short there for $7-8.4k target

Note

Adding to shorts here at 10.6k. Stop 11k

Note

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.

Note

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

Note

Maket Structure looks so much like 2018 its scary

Note

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.

Pumptruck2

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.

Pumptruck2