For alts , i see the indicated cup and handle pattern , that has a target toward the green zone , but first we need to form that flag (i guess it will be an expanded flat )
you will heard of this as a rally in the media , this would complete the formation of the handle for the whole pattern ,
if the target would not be reached which is the worst case scenario, i guess that we will at least hit the first green zone which is the target of the flag (will update it when the flag formation is complete).
the best case scenario is that the bear market is over and we will at the maximum retest the lows . for me this is not the case .
fundamentally speaking , the legs down i spoke about would logically coincide with a recession or something bad crashing in the economy or perhaps another black swan event in the crypto space , cant predict !
so these are the three probable scenario for ALTS .
this chart include alts excluding eth .(same this if we include it) .
this is not a financial advice , only something i wanted to share with you people .
thank you
you will heard of this as a rally in the media , this would complete the formation of the handle for the whole pattern ,
if the target would not be reached which is the worst case scenario, i guess that we will at least hit the first green zone which is the target of the flag (will update it when the flag formation is complete).
the best case scenario is that the bear market is over and we will at the maximum retest the lows . for me this is not the case .
fundamentally speaking , the legs down i spoke about would logically coincide with a recession or something bad crashing in the economy or perhaps another black swan event in the crypto space , cant predict !
so these are the three probable scenario for ALTS .
this chart include alts excluding eth .(same this if we include it) .
this is not a financial advice , only something i wanted to share with you people .
thank you
Comment:
i will be sharing ideas from my new account : www.tradingview.com/u/Benterkiayoucef/