Bear market for the ALTS or there is a way out?
Hi there!
You can see the Fib retracement of the previous big order flow is to the 61% level, next fig order flow is retracing to 100% so far. That's the level at 652 B. Nothing wrong unless we drop under the 100% Fib retracement.
This is very important level because if we drop under, we will probably be in a long bear market for the ALT coins. Let's hope to stay over the water and to bounce up. If we do bounce up, then we ultimately will be targeting to reach out the completion of the big ABCD pattern ending with the ellipse (1,85 T). That it would be a nice bull run for the ALTS. GL to us!
You can see the Fib retracement of the previous big order flow is to the 61% level, next fig order flow is retracing to 100% so far. That's the level at 652 B. Nothing wrong unless we drop under the 100% Fib retracement.
This is very important level because if we drop under, we will probably be in a long bear market for the ALT coins. Let's hope to stay over the water and to bounce up. If we do bounce up, then we ultimately will be targeting to reach out the completion of the big ABCD pattern ending with the ellipse (1,85 T). That it would be a nice bull run for the ALTS. GL to us!