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ALTPERP W1: Topped out / 50% correction / no alt season

שורט
FTX:ALTPERP   Altcoin Index Perpetual Futures
ALTPERP W1: Topped out / 50% correction / no alt season
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: ALTPERP 1week/candle chart review/outlook
::: correction mode up next
::: forget about alt season - not going to happen
::: long-term accumulation in progress
::: HOWEVER maxed out already now
::: 50% correction still pending
::: will re-test range lows next few months
::: expecting throwback into range
::: 50% dump/correction possible/likley
::: to complete the sequence
::: before it can finally shift into BULL MODE
::: correction is REQUIRED
::: later we can pump 500%+ from that base
::: but that's not until 2021
::: limited upside in 2020/Q1 2021
::: 50% correction up next
::: after correction is COMPLETE
::: recommended strategy: SHORT IT
::: TP BEARS range lows of the sequence
::: this is SHORT/HOLD Setup
::: for patient traders only / no fast gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/SWING/CORERECTION
::: Sentiment outlook mid-term: BEARS/SWING/CORERECTION

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