LIVE🆘 BTC PERSPECTIVE FOR ALTCOIN 🆘
1D candlestick frame $BTC is following a candlestick pattern where the next bottom is lower than the previous bottom and the next top is lower than the previous peak and adding cash flow to the bearish market is generally a downtrend.
Currently, most altcoins have been divided by 2 or 3, and now if you want to push altcoins down again, you must have liquidity, so I expect there will be accumulation in the next 3 to 5 months for altcoins. However, if BTC continues to decline sharply in the near future, I personally have a BTC perspective for Altcoin through the following 3 cases:
Case 1: BTC returns to the price range of $56,000 in the near future. Expect altcoins to decrease by 10 to 15% at the current price range and accumulate from here.
Case 2: BTC returns to the price range of $52,000 in the near future. Expect altcoins to decrease by 15 to 30% at the current price range and accumulate from here.
Case 3: BTC falls below $50,000, I will share later on the plan whether I should DCA continue holding altcoins or cut losses to find other opportunities.
In a financial market like crypto, no one knows in advance what the rules or future trends will be, so I advise everyone to have backup plans, especially when you have an allocation plan. When the market drops, you have more opportunities to buy at better prices.
Note: This is a personal perspective, not investment advice.
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