Hey!
There are so many altcoins that are bottoming out on their previous lows.
What we see right now are Double Bottoms or bottoming out on the Market Structure that acted as a rebounce area many times in the past.
We see that type of structure on almost nearly all Altcoins right now.
So what do you think will happen?
If I had to take a guess then...
Most likely many altcoins are dipping below those expected "double bottoms" or below those expected "Market Structure" targets that acted as a bottom target.
AND THEN.
They are going to rise back up.
What is that?
A big Bear-Trap on most of the altcoins.
As good as all traders were predicting those low targets as Buy Targets - So what the Whales instead do is dump the Prices below those expected Bottoms
AND THEN later on we rebounce back up above the Market Structure.
Big Bear-Traps playing out right now.
Don't get shaken out guys!!!
Follow for more Analysis! :)
Wish you all Best!
There are so many altcoins that are bottoming out on their previous lows.
What we see right now are Double Bottoms or bottoming out on the Market Structure that acted as a rebounce area many times in the past.
We see that type of structure on almost nearly all Altcoins right now.
So what do you think will happen?
If I had to take a guess then...
Most likely many altcoins are dipping below those expected "double bottoms" or below those expected "Market Structure" targets that acted as a bottom target.
AND THEN.
They are going to rise back up.
What is that?
A big Bear-Trap on most of the altcoins.
As good as all traders were predicting those low targets as Buy Targets - So what the Whales instead do is dump the Prices below those expected Bottoms
AND THEN later on we rebounce back up above the Market Structure.
Big Bear-Traps playing out right now.
Don't get shaken out guys!!!
Follow for more Analysis! :)
Wish you all Best!