CryptoBullet$SOL 1M update So far so good π Wave (B) is playing out as expected
$SOL 1M update
Reached my Wave (B) Target β
The monthly candle still has 2 weeks to close green, but frankly speaking, #Solana looks cooked (whether we get a higher high to trap more people or not)
If we're currently in Wave (C), #Solana holders should be prepared for some serious downside π
CryptoBullet$ETH 1W chart This looks like a perfect Retest of the Breakout level π Wicks down to $3500 are okay, but no closings below it π ββοΈ π― Conservative Target - $6800
$ETH closed above the Support!
Wicked down to the $3500 level that I mentioned πββοΈ π
Probably that was it. Now straight to a new ATH π
CryptoBullet$BTC Dominance #Altseason From June 23 to September 8 we had our First Wave of Altseason (led primarily by $ETH) Now weβre in the Red Circle (Retest phase). In October $BTC.D will retest the EMA50+MA50 zone and get rejected π¨ After that Retest we shouldβ¦
$BTC Dominance update
It was wild, but $BTC.D actually did what I expected π€·ββοΈ (of course I didn't expect #Alts to fall to zero)
$BTC.D retested the EMA50+MA50 zone and looks like we're leaving a crazy wick above. Technically speaking, as long as we close below that resistance zone, the second wave of altseason is still possible.
CryptoBulletSome thoughts π After this flash crash the Altcoin market is dead. Imagine youβre new to crypto and want to invest, but you see how the top 20 altcoins dropped 60-80% in a single 1h candle and some multi-billion dollar coins actually touched ZERO. Willβ¦
More thoughts ππ
Yesterday's crash was either the start of a Bear Market (Altcoins are already at crazy low levels lol, can they go even lower? Below zero??)
or it was a perfectly orchestrated leverage wipeout before a massive rally on #Alts.
Frankly speaking, I'm leaning towards the second option. This crash actually might be bullish, because many people lost all their coins and now they'll have nothing to sell if #Alts finally rally. The less selling pressure there is, the higher prices will go π
After this flash crash the Altcoin market is dead.
Imagine youβre new to crypto and want to invest, but you see how the top 20 altcoins dropped 60-80% in a single 1h candle and some multi-billion dollar coins actually touched ZERO.
Will you invest? Hell no.
What would make you want to invest? GREED. Only Greed.
Now they have to pump this shit to astronomical numbers to get people excited again and make them forget about this collapse.