ALTS full analysis short term

업데이트됨

this is an update and full analysis for alts .

firstly this is a hand made chart , total 2 except eth , and stables .you can make same on using tradingview .

you find eth analysis separated .

-------------------------------------------------------------------------------------------------------------
as you can see in the picture we kissed the top of the accumulation range (line in green)

the 3 arrows represents all the possibilities . in the end of this analysis i will post my opinion .
green arrow represents a small correction of this big move since October , and then continue higher . orange one , represent a deviation above the accumulation range and get back inside , the black arrow represent a breakout of the range . remember , these movements are short term , once , one of them take place , we will update based on the move itself . and we give the possibilities of that particular move .

-------------------------------------------------------------------------------------------------------------
1- green arrow : its a simple correction to continue higher , well known wycoff accumulation range . the correction coincides with 0.25 fib level .10% drop from here .a reversal is probable after the correction , to continue higher , until we break the accumulation range that we are in for 560days now !.

2-orange arrow ,represents a deviation above the range and then come back inside , its very common move to trick buyers and liquidate them , finally get back into the range to stay in for longer .this probable deviation gives 22% up from here .

3-black arrow , is simply a breakout of the range , could give a retest just after the breakout , or could soar and get far away from the upper band of the range to give that retest .

in case of the black arrow , the targets are for short term dec 2023 - feb 2024 :

-------------------------------------------------------------------------------------------------------------

alts depend on various things : bitcoin price, bitcoin dominance ...etc

so its hard to give long term scenario without analyzing the data and make update in weekly/monthly basis .

-------------------------------------------------------------------------------------------------------------

my opinion is :

its optimistic , and coincides with may 2021 alts high . this move could reach only the first or second green box , for me the second is possible , the third possibility is lower, but this is my opinion . as mentioned earlier , it depends on btc dominance and price .even the second or first box are nice targets , they represents : 150% and 300% from bottom .

-------------------------------------------------------------------------------------------------------------

remember , this is not a financial advice

thank you

노트

actual situation :

alts have been trading in the indicated range for 19days , 3 possibilities are present : deviation above/below the range and get back inside it , breakout to the upside .

this is very short term analysis .

노트

alts are holding daily tenkan and kijun now !