Ethereum/Tether forum
Bear flag in day time frame
Market makers going to take liquidity
1420 or 1175🤗
Just look😬
SL: 1500
TP: 1640
TP: 1700
TP: 1750
TP: OPEN
Risk management is important 🛡
Soz 4 posting LTC again on BTC minds but I was just looking at a bunch of different timeframes 4 my favourite little stupid cryptocurrency and THIS pops up & like that's just so gnarly, that's the Undefeated Champion Of Crypto Bears walking into the ring with no expression; just rolling their necks & cracking their knuckles.
ARE WE about to role the 1/12 structure that suggests the low we've just put in on the 6th of April could potentially be the equivalent of the March 2020 low that led to the beginning of QE, marking the bottom for ETH/BTC, which was then able to rally to 0.08, DESPITE a significant move up for BTCUSD!!!???
One more hit for ETHUSD would likely have ETH/BTC tap the same low it did that coincided with the beginning of QE.
Is it ONE (ROUGH!!) signal on ONE chart for ONE alt that I wasn't even looking for? YES!
But it did entertain me enough for me to try and find more confluence, and there is enough for a strong case to be built, that a "true" alt-season could be triggered in the next couple of weeks/months, a genuine collapse on BTC.D, a stupid amount of money being poured into any and every alt, billions being lost buying the top and selling 2% pullbacks and buying the next high again.
THE BLOW OFF TOPS!
The ALT/BTC pairs that have been bleeding against BTC for the last 8 years get to see their charts REVERSE!
Some other charts that I forced confluence on:
ETH/BTC on any timeframe.
ETH/USD - 2D (It doesn’t have to be, I just like it because it aligns with what I’m saying better and hides a lot of the damning flaws that appear on the others)
LTC/BTC – It is possible that it goes lower. But that chart screams bottomed, it could just stay there forever I guess, but that DOES NOT work with the narrative of this post, SO we will ignore that.
INSTEAD, LTC/BTC Seasonals over the past 8 years suggest a NON-ZERO chance of a significant bounce!
VERY! IMPORTANT! TO! NOTE; and the actual purpose of the post - because there is a good chance that in the near future we will see alts outperform BTC. We will see the headlines screaming that ALT SEASONS HERE, and this time they'll be right.
But an alt-season does not mean that every alt goes parabolic immediately, I haven 't checked and will not check because I have spent too long on this already, but in the past I'm pretty sure alt-seasons have technically begun long before the lows are in for BTC, and usually the market as a whole - but because alts bleed SO HARD while oscillating BTC - whenever it is NOT an alt-season, liquidity from alts continues to flow into BTC as it goes lower and lower, which leads to 90% of ALT/USD pairs bottoming out wayyy before BTC/USD, a HUGE amount of poorly protected leveraged shorts being piled onto alts that are just ranging or hanging around their USD lows being supported by institutions/whales/whoever I'm trading against, waiting for BTC to finish the move down.
That is something that is important to remember, alt-season can begin and there's a good chance that prices across the board continue to go lower for a while, everything can still crash, everyone can still be miserable. But if navigated properly, it could lead to one of the better opportunities we'll see in a long while.
WHO CAREESSS Stick em UP TAKE US down IM READY
