Altcoins about to capitulate
- this bull market cycle has been extremely difficult to navigate in the sense that altcoins are most of the time trading like crap with sporadic bursts to the upside
- most of that can be attributed to eth/btc being in a macro downtrend
- the chart of OTHERS is in a clear distribution formation and pending a daily close below the neckline the descending triangle likely gets confirmed
- more downside likely
- most of that can be attributed to eth/btc being in a macro downtrend
- the chart of OTHERS is in a clear distribution formation and pending a daily close below the neckline the descending triangle likely gets confirmed
- more downside likely
Trade active
Beartrap.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.