alt market cap chart gaining momentum as eth n btc go flatcompare the TOTAL TOTAL2 n TOTAL3 MARKET CAP CHARTS u will see that alts r getting overextended when compared to the flat price action of eth n esp btc. without fresh money entering the price action will stagnate n drop off.
we saw weird volume n price action last three days with btc n eth now wei n etherum traffic is thro the roof. like 400 wei. r these funds pumping alts with btc eth monies.... food for thought bag hold inbound??? or do we get some time to play? or r we flat out wrong n that bull market is full on back (we dont fully disagree there we just looking at more weekly n daily charts not 1hr n less smilez in the end we still believe in the end this market is all going to the same mountain top)
all in all great time to stable coin or and reduce positions esp in the alt arena. good luck n lets see if we can break 46 to 48 n get passed that 50k btc or we r very very likely seeing a re trace like we have been giving examples of.
this could go on for days even a week or so as we see alts n long positions overextend or next few days. regardless we believe the market will go back down n re set before we see a run at new ATH's. this is just our opinion but if you see something similar and have a hi risk tolerance n time to spend on the sticks the scalping and alt pump opportunities will be amazing_ esp the longer we see btc remain in this 46 47kk to 44 45k bubble....
if we see a break out try n hold something back. there is some folks that bought heavy btc etc around 50k plus n we need to see how that plays out at some point when we get back to those levels eventfully. if its in the next few weeks (or after a re test like we think) there should be time to scalp n take positions as things cool off (if this down trend theory proves false n we get that break out every one seem to think is coming)
PS tuff luck to all DMST HODLers. i liked that project but these r the risks esp in choppy markets with these super deep market cap alts
