My feelings exactly... we might get a couple sharp pushes to trap some more bulls but Alts are priced right and setup well technically. Thanks for sharing @haejin
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My feelings exactly... we might get a couple sharp pushes to trap some more bulls but Alts are priced right and setup well technically. Thanks for sharing @haejin
agreed. a lot of alts have bottomed afaik, but my analysis could be completely off
The bottoming it pretty evident...This is where people need to adjust their timeframe for when to expect movement. There will be generally a series of pops that go nowhere. Then before you know it price will slowly build in momentum....just as everyone has given up on the impending breakout. Happens all the time and has taken me a long time to work on my patience with these moves. I think your analysis is spot on though.
Yes, and I've seen that cycle several times. It should happen again.