moonify

Alt/btc bears trapped?

Long
BINANCE:ETHBTC   Ethereum / Bitcoin
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2
Looking at this fractal where we dont fall deeper here on btc , but instead bounce and then completely chop everybody up with first a fakeout ath , then a slowgrind.
Last time this happend alts/ btc had some room to shine, and eventually btc and alts broke out together and we got some glorious moves.
Seeing many people call for 13k btc , but the demand on the spot market is intense.
Offourse as with anything i post this is for future reference. Not a trading plan, just for my own amusement.
In the end you trade what you see, but these fractals can help paint a picture of market sentiment.
Comment: Obviously we wont get the exact same PA as before, but for me its more about the psychology behind such a consolidation. Its "designed" to chop people up without even dropping. Its more the timing and unexpectedness of the move that im trying to capture here.
Comment: well, btc just mooned instead