Bitcoin has been going through its strongest correction since March 2020 and of course the entire cryptocurrency market is in correction mode.
Actually, all markets are now in correction including TradFi (SPX, DJI, NDX, etc.).
What about our Altcoins? What about the Altcoins vs Bitcoin pairs, when will these recover?
I've been reviewing some of our pairs and many are hitting new lows and breaking support... After this happens, new bottom formations develop and new opportunities will follow.
I would say we need at least 1 week to see many of these opportunities starting to show up clearly. It can take two weeks and we are going to be seeing many pairs already going up.
As for Bitcoin, we can give it 2-3 weeks for a strong bounce or it can be more.
February/March is a great time period for a bottom. After the bottom is in, we will get long-term growth.
Patience is key. Don't give up, stay strong.
Thanks a lot for your support. Feel free to hit LIKE now and/or leave a comment if you have any questions about the Altcoins.