TOTAL2: EXIT PUMP OR START OF A NEW ALTSEANSON??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update. When I posted this chart a few days ago, Alt M.cap was at $440B and currently, it is trading at $476B. It is going perfectly so far. We see a huge pump in the Alts. Hope you guys followed my projection and made good money.
Now, the question is is this the start of the new Altseason or this pump will fade up in the next few days? So to get the answer to this question read the whole update carefully.
As you see in the chart, Alt M.cap is forming a descending channel in the daily time frame and currently, it is trading near the upper trendline of the channel. Here we have some resistance. So IMO, it is not worth taking new positions here until we break and close above this channel with confirmation. There is no doubt in that we see some more pumps in Alts but it is not worth taking any new positions here.
If you are holding some Alts, then book profit or partial profit and wait for the dip to take new entries.
That's all from my side. What do you think about this? Let me know in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Exitpump
!!!!!! BTC EXIT PUMP !!!!!!!Its the whale fight to get the liquidity first
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Exitpump in progress at important resistance, blowoff phaseThe grand exchanges exit pump is upon us. Talked about this in nov-dec '17 on tg and discord that this possibility was very present of how they did this in the past (especially with tethers at almost instantaneous access) and that sentiment can switch on a dime's notice, got the same feeling after the mysterious 100m buyer (i.e. exchanges in cahoot) as years gox and china fud manipulation, then tether/finex investigations went public memories and feelings of mtgox are reliving well now for exit pump in making. Big sells already happened at coinbase with almost no vol +40% up since (same other fiat exchanges, pumping on EMPTY books). No bid liquidity once this monster comes back down. Greedy people means they will be last to exit and we all know how that will look like. Stairs up, elevator down can be related to this human greed emotion. But in the end, not much retail is in anyway, paint tapers do w/e they want, I don't care about illusions and interpretations of fakenews telling you why this and that, always after the fact without any disclosure of personal positions.
Tbh, I would love to have seen finex to 33k while others at 3.3k, but it seems they still are "the market", like gox was "the market" back then.
Yeah, looks legit tether trading at $1.05 while at another place below a $1. Tether should be <= $0.74 by any common sense for the 26% unbacked reserves... All natural, right? The only natural thing coming is the selloff. Manipulation always happens first upwards and is always preferably over going down, because % exceeds the same price delta, that's why most of those exchanges employ the retarded "hodl" meme. If hodl, then please close your exchanges, we don't need you for hodl, I can buy p2p or from some website as well and hodl in my own wallet, thank you very much.
imgur.com
With this idea, I wanna see how this plays out in the months that follow this with all the recent events, the > 99% of bulls (including permabears that flipped to bulls at important resistance), since I'm used to clear all drawings after a while to start from scratch. The previous idea is active and this is a supplement to that and a chart from last year with the wyckoff distribution schematic 2.
Btw, for all bulltards thinking I'm a permabear, you're dead wrong. I bought the entire lower TR back in nov-dec (scalped 4.8k, 4.2k; held 3.2-3.3k), lots of people can confirm on tg and discord as I was one of the only ones insisting to buy and if goes lower buy more, despite everyone calling for lower lows. Nice try though, I'm getting used to this that people flip the script and the worst thing to do is lying to yourself. I will be a bull when the time is there. I don't wanna end up as bullsteak for what's coming.
Can it go higher? Absolutely, can even go to 8k or 13k, sure. Am I prepared for that? Yes, read previous idea how I'm playing this. Can -3k candle come? Absolutely, happened before a lot of times as well. Just use common sense and don't buy when it's pumped 100% with no retrace at a major confluence of resistance, that doesn't make any sense.
Imho, now is the time to #exitallcrypto and enjoy the spring/summer of the money you made. Imagine not taking profits at 100%, talking about greed.