I love technical analysis of altcoins.
Lines.
Levels.
Supports.
“Right here is a strong buy zone”.
And then $BTC does -10%—and all this beauty slides down along with the market.
Or even better: several large holders of a specific token get tired of waiting, and they start exiting.
That’s when it suddenly turns out how much your support levels were worth.
For most alts, the chart works just fine until someone with a really large number of coins decides it’s time to go home.
$BTC #altcoins #crypto
Lines.
Levels.
Supports.
“Right here is a strong buy zone”.
And then $BTC does -10%—and all this beauty slides down along with the market.
Or even better: several large holders of a specific token get tired of waiting, and they start exiting.
That’s when it suddenly turns out how much your support levels were worth.
For most alts, the chart works just fine until someone with a really large number of coins decides it’s time to go home.
$BTC #altcoins #crypto