ALTCOINS recovery is around the corner
Updated
Hi traders
Altcoins are dimping way more than Bitcoin therefore let's have a look at TOTAL2.
TOTAL2 is in a downtrend but when we zoom out , we can see that in fact , it's just a consolidation inside the channel and long process of building the market structure.
It looks like we can see another crash (20 -25 %) in the altcoins market overall. Some altcoins will dump 20 % from current levels and some altcoins will go down probably even more, but it doesn't look like a market cycle phase when you want to short crypto s coins forever .
Chart shows opposity. We are in an accumulation phase on altcoins and dips are for buying.
In my opinion the problem is with increasing number of altcoins that exist .
As we analyze the Total2 (all altcoins' market cap) , but there are continually new coins coming to the market, it will be impossible for some altcoins to recover fully (and history shows that only few altcoins recover fully and make new all time highs), therefore it's recommended to choose altcoins wisely.
Anyway, once the accumulation phase is finished, we will see a mark-up phase where we would target 0.618 fib level (1,20T).
When it's gonna happen? Probably not in 2023. Patience is a key.
Long story short:
* If you wanna short, do so. But keep in mind that downside is limited
* DCAing into altcoins once (and if) we get the next altcoins crash may be a profitable strategy if you play it with a long-term horizon.
* Choose your altcoins wisely
* Be patient. Buy low, hold and sell high (0.618 fib leve)
What do you think?
Share your opinion!
Good luck
Altcoins are dimping way more than Bitcoin therefore let's have a look at TOTAL2.
TOTAL2 is in a downtrend but when we zoom out , we can see that in fact , it's just a consolidation inside the channel and long process of building the market structure.
It looks like we can see another crash (20 -25 %) in the altcoins market overall. Some altcoins will dump 20 % from current levels and some altcoins will go down probably even more, but it doesn't look like a market cycle phase when you want to short crypto s coins forever .
Chart shows opposity. We are in an accumulation phase on altcoins and dips are for buying.
In my opinion the problem is with increasing number of altcoins that exist .
As we analyze the Total2 (all altcoins' market cap) , but there are continually new coins coming to the market, it will be impossible for some altcoins to recover fully (and history shows that only few altcoins recover fully and make new all time highs), therefore it's recommended to choose altcoins wisely.
Anyway, once the accumulation phase is finished, we will see a mark-up phase where we would target 0.618 fib level (1,20T).
When it's gonna happen? Probably not in 2023. Patience is a key.
Long story short:
* If you wanna short, do so. But keep in mind that downside is limited
* DCAing into altcoins once (and if) we get the next altcoins crash may be a profitable strategy if you play it with a long-term horizon.
* Choose your altcoins wisely
* Be patient. Buy low, hold and sell high (0.618 fib leve)
What do you think?
Share your opinion!
Good luck
Note
Altcoins market ready for a big moveTrade active
broke the key resistance. Next months will be epic in the altcoins marketNote
Still early and many atlcoins are undervaluedNote
so far so goodTrade active
ALTCOINS are ready for a big move. We are very bullish on altcoins now. 1,2 T is the target!!Trade closed: target reached
Technical target reached. We may see some consolidation or bigger pullback
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