Trillions from the Economic Catastrophe will eventually make its way into crypto. Im not sure anyone can really understand the magnitude of what is to come. The dominance is getting weaker and weaker by the day with a sharp dump coming either today or tomorrow just in time for the weekly candle close. I know not alot of people understands what that means when I give the technicals but I can tell you with an extremely high level of probability that shit is about to hit the fan at the same time crypto is going to get its bullcycle started with a boom.
A recently published article coming from beincrypto.com reports :
"A large player has just deposited 2,000 BTC ($18.6M) into Binance, sparking concerns that this could be a sign a sell-off could happen soon."(https://beincrypto.com/2000-bitcoin-moved-binance-leaves-traders-bracing-for-sell-off/)
There is also another possibility that is not being explored when looking at massive movements of BTC into exchanges... The Alt Market... No one is looking at this as a possibility for where that BTC may go. If you couple that with the fact that ALOT of these charts in the ALT market are looking like bearish strength is running out and bullish sentiment is about to return. Which is funny considering how many people in the YouTube community as well as the crypto community have neglected them. But who can blame them when everything seems to be pointing at Bitcoin and Bitcoin alone.
Now that being said lets get into some technical reasons why since we should never look to the news to tell us how to make money.
Dominance: https://www.tradingview.com/x/D4iTJTSA/
For starters this is certainly one of my favorite charts because it is the easiest to predict and follow certain patterns down to a tee for the exception of having violence exaggerations to one way or the other. In the chart above is mapped out the market trajectory since a couple days ago. The actual update can be seen here:
(https://www.tradingview.com/chart/BTC.D/HmeW7Xe2-Dominance-May-Dump/)
and
(https://www.tradingview.com/chart/BTC.D/JJb110cY-SHORT-DOM/)
As you can see I have been following this dominance dump for some time with a great degree of accuracy but now its time to look at the alt sector and see where the greatest opportunities are at this moment starting with the biggest speculative high risk moves and move into more safe bets.
- ) https://www.tradingview.com/chart/RDDBTC/lTskUBZA-Its-SO-PERFECT/
2.) https://www.tradingview.com/chart/PPTBTC/LybfpCdl-LONG-PPTBTC/
3.)https://www.tradingview.com/chart/MANABTC/k5RAbdQf-MANABTC-LONG/
4.)https://www.tradingview.com/x/tOKdr946/
5.) https://www.tradingview.com/x/8pTuF7Tx/
6.) https://www.tradingview.com/x/n33Ez0Sz/
7.)https://www.tradingview.com/chart/TNTBTC/4yOMsVXs-PERFECT-LONG/
Just because your cyrpto doesnt show up here doesnt mean that no pump will happen for that coin or just that it probably didnt have the time to look at them all or the market structure did not look obvious enough for me to mention in. All the others are kind of obvious and I feel rushed to post this because the beginning of the pump has already begun. God Speed Gents.... Enjoy the profits..
Mr. Lucifer
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