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AltcoinSherpa-1
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market in a weird spot. Alts overall looking overextended and in need of some cool down. On the other hand, if $
BTC
busts through
ATH
w. strength, alts likely follow to some degree.
#BTC
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BTC
103,031.74
-0.50%
2
0
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$POPCAT is a good example of why I think that some alts are going to bounce soon (ish). Not saying it's going to go back up to the highs but these areas are usually good for a move up. Looking to long again soon
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price probably bounces fairly soon for some of these shitcoins; tbd if they just continue higher or create a lower high. Either way, probably prudent to take some profits there in the short term
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many alts have gone 2-5x from the bottom are they done for a while and just made lower highs/time to go back down? or is there more juice left in the tank? imo, it's pretty much all dependent on $BTC. smash through ATH and we see more fun; retrace and these go down -50%+
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near every $ETHBTC pump has been retraced the last several years and we have seen pure death for $ETH overall. Is this time different? I honestly don't know.
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$BTC is at a weird spot where it could either blast through ATH to 110k with strength OR dump to 95k and I wouldn't be surprised with either move. Too much uncertainty for me = shorter duration trades rn
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