ETH/BTC(MARKETCAP RATIO) ACTS AS AN PERFECT INDIACTOR IN THE MOVEMENT OF MONEY FROM KING BITCOIN TO ETH AND OTHER ALTS.
BY ANALYSING THE RATIO CHART, I THINK THE ALT SEASON IS ENDED AND WE ENTER THE BEARISH SEASON. PEOPLE TEND TO SHORT ALTS THAT OVER PUMPED IN PRICE IN MILLIONS OF DOLLORS AND THE THING IS HAPPENING.
---->YFIUSDT { Binance Futures #YFI - Unusual selling activity 7.07M USDT in 13 minutes (10%) }
----->Binance Futures #DGB - Unusual selling activity 749K USDT in 6 minutes (10%)
------> Binance Futures #XLM - Unusual selling activity 7.99M USDT in 2 minutes (10%)
------->Binance Futures #IOST - Unusual selling activity 2.57M USDT in 13 minutes (10%)
-------->Binance Futures #CELR - Unusual selling activity 1.4M USDT in 6 minutes (10%)
HOWEVER THESE SELLING PRESSURE HAVEN'T MADE THE MARKET TURN BEARISH,BITCOIN AND OTHER CRYPTOCOINS NOW HAVE VERY BIG INSTITUTIONAL SUPPORT LIKE SAYLOR,ELON,PAYPAL,GRAYSCALE,AND EVEN TIKTOKERS ARE IN THE RALLY OF MASS ADOPTION., THINGS WOULD HAVE MESSED UP AND THE MARKET WOULD HAVE BECOME A SLUM.
WHAT TO EXPECT NEXT? SAYLOR IS READY WITH HIS 450MILLION TO BUY AT 30K,GOOGLE PAY AND APPLE PAY OFFICIALLY ACCEPTED SWIPE CRYPTOCARDS IN ITS PAYMENT NETWORK. THE NEW INSTITUTIONAL SUPPORT HAS STARTED TO BUILD UP IN THE BOTTOM. WE SEE THE RISE OF BTC PRICE SLOWLY AND HAVE DROPS. NO TA WORKS, TWEETS CRASES THE MARKET.THIS SHIT WOULD CONTINUE UPTO 1-2MONTHS. BUT STILL WE ARE IN THE BULLISH ZONE ON THE YEARLY BASIS. ANY MASS ADOPTION OR BULLISH NEWS AFTER 3-4WEEKS CAN START A NEW RALLY....
AS WE MADE A HIGHERHIGH ON 15JUNE(41K$) ""DON'T PANIC""
BY ANALYSING THE RATIO CHART, I THINK THE ALT SEASON IS ENDED AND WE ENTER THE BEARISH SEASON. PEOPLE TEND TO SHORT ALTS THAT OVER PUMPED IN PRICE IN MILLIONS OF DOLLORS AND THE THING IS HAPPENING.
---->YFIUSDT { Binance Futures #YFI - Unusual selling activity 7.07M USDT in 13 minutes (10%) }
----->Binance Futures #DGB - Unusual selling activity 749K USDT in 6 minutes (10%)
------> Binance Futures #XLM - Unusual selling activity 7.99M USDT in 2 minutes (10%)
------->Binance Futures #IOST - Unusual selling activity 2.57M USDT in 13 minutes (10%)
-------->Binance Futures #CELR - Unusual selling activity 1.4M USDT in 6 minutes (10%)
HOWEVER THESE SELLING PRESSURE HAVEN'T MADE THE MARKET TURN BEARISH,BITCOIN AND OTHER CRYPTOCOINS NOW HAVE VERY BIG INSTITUTIONAL SUPPORT LIKE SAYLOR,ELON,PAYPAL,GRAYSCALE,AND EVEN TIKTOKERS ARE IN THE RALLY OF MASS ADOPTION., THINGS WOULD HAVE MESSED UP AND THE MARKET WOULD HAVE BECOME A SLUM.
WHAT TO EXPECT NEXT? SAYLOR IS READY WITH HIS 450MILLION TO BUY AT 30K,GOOGLE PAY AND APPLE PAY OFFICIALLY ACCEPTED SWIPE CRYPTOCARDS IN ITS PAYMENT NETWORK. THE NEW INSTITUTIONAL SUPPORT HAS STARTED TO BUILD UP IN THE BOTTOM. WE SEE THE RISE OF BTC PRICE SLOWLY AND HAVE DROPS. NO TA WORKS, TWEETS CRASES THE MARKET.THIS SHIT WOULD CONTINUE UPTO 1-2MONTHS. BUT STILL WE ARE IN THE BULLISH ZONE ON THE YEARLY BASIS. ANY MASS ADOPTION OR BULLISH NEWS AFTER 3-4WEEKS CAN START A NEW RALLY....
AS WE MADE A HIGHERHIGH ON 15JUNE(41K$) ""DON'T PANIC""