Altcoins: What Comes Up Must Go Down?
Giant Flat Correction could be built on the altcoins chart (less Ethereum)
Indicators:
-Collapse in three waves in 2021-2022 (wave A)
-Retest of 2021 peak in three waves in 2023-2024 (wave B)
-wave B retested the start of wave A and failed to grasp the bullish ground beyond
-first move down and small correction that keeps below all-time high could be the harbinger of new five waves down in wave C
Large wave C should at least retest the valley of wave A at 288b cap
What could be the reason?
-Altcoins could lose its shine as institutions prefer only BTC
-Some huge risk aversion in global economy
You are welcome to share your views in the comments below to enrich our outlook.
Indicators:
-Collapse in three waves in 2021-2022 (wave A)
-Retest of 2021 peak in three waves in 2023-2024 (wave B)
-wave B retested the start of wave A and failed to grasp the bullish ground beyond
-first move down and small correction that keeps below all-time high could be the harbinger of new five waves down in wave C
Large wave C should at least retest the valley of wave A at 288b cap
What could be the reason?
-Altcoins could lose its shine as institutions prefer only BTC
-Some huge risk aversion in global economy
You are welcome to share your views in the comments below to enrich our outlook.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.