If the alt market will continue to be green and active,then the pump from this setup is imminent.
So the problem with the situation is that MM like to play out this pattern in bullish maner !!!BUT!!! The whole picture is pretty bearish and it's all about looking for short around this pink trend line.
1.Super Bearish Graphic on BTC CME Futures. 2.Super Low Volume. 3.Inverted H&S guru's Super thrilled. 4.Longs/Shorts in Super balance for mid term drop. 5.Ethereum was the leading leviathan for this rally and now he got Super massive divergence. 6.All alts are still Super overvalued and fundumentals on the market still have not changed. 7.Our dear MM always play...
This pattern fits with huge amount of factors...