ALTCOIN MCAP EXCL. BTC - 11.05.2019
Lots of confluence for this being the top of the recent uptrend:
Right at the EQ of the highlighted bearish orderblock,
Undergoing a bearish retest of the broken trend line shown in purple,
Easy-to-spot bull flag ---> Retail traders go long on constituent assets ---> Institutional players dump bags ---> Trapped retail longs become fuel for further downside
Lots of confluence for this being the top of the recent uptrend:
Right at the EQ of the highlighted bearish orderblock,
Undergoing a bearish retest of the broken trend line shown in purple,
Easy-to-spot bull flag ---> Retail traders go long on constituent assets ---> Institutional players dump bags ---> Trapped retail longs become fuel for further downside
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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.