As some of you might be aware of my signal aggregation sales thread. (Link in my signature) where our users have access to Analysis, Signals and calls from over 35 different sources. I really thank this forum for the kind of response I have got with my service and hence here's my giveback to the community.
On a daily basis, I will post analysis call from one of those channels so that users here can debate and talk about the coming market trend.
Today, I am going to share the most recent post from Swingtrades:
Here it is for you guys::
There would or can be alts pump in next 4-6days...
As I expect btc dominance to hit retracement to 44.8%.
A small dead cat bounce in alts for some 4-6days and people will forget about bear and then again an increase in btc dominance followed by alts squeez and btc fall .both.
Double whammy.
It's just an Preassumption based on certain indications like
1). BTc dominance retracing from 48.7% to 47.8% . That is full 1% retracement.
2). Btc market structure is broken making lower lows on many time frames. Also weekly is about to confirm hidden bearish divergence.
3). 6800 is major support and every trader or there mom knows that.. That's why there is lot of longs order waiting there.
MM will hunt for that.
In layman terms they will sell there shit to noobs/traders @6800 and that would be sporadic.
In layman terms.... Alts can boom for a short period of time... But it's just a bull trap..
Risky and active traders can long alts... Not for the people who r not so active traders.
And bonus analysis from DogPound here:
https://www.tradingview.com/x/EqoYf9Fo/Plan remains the same for me. I don't think we'll drop through $6800 soon. Strong horizontal support (resistance turned support) and also the 0.618 fib retracement from the 5800-8500 move. Low leverage trade, stops <6600
Will try to keep updating this thread daily with latest analysis from some of the top traders in the industry!!!
Cheers!!
