That retest on the altcoin market cap didn't take long to play out. Big level here. Technically a good retest but alts are not looking too great as we speak. Maybe that makes it a better spot in itself, who knows :)
Otherwise the ~$450B area on this would still qualify as a proper higher low which I'll be watching.
Alts still relatively heavy overall, especially compared to the weeks and months prior where everything rallied.
You need $BTC & $ETH to lead this out of this correction. And just to be clear, this is a perfectly normal and healthy correction. A lot of alts rallied 50%-500% in the matter of ~3 months. Including many bigger caps. Nothing goes up in a straight line.
I do personally like to take things slow and defend the gains that were made during the past few months. If I see strength I will be eager to look to add on exposure again. This way of playing has already helped me not take a lot of unecessary losses these last two weeks.
Otherwise the ~$450B area on this would still qualify as a proper higher low which I'll be watching.
Alts still relatively heavy overall, especially compared to the weeks and months prior where everything rallied.
You need $BTC & $ETH to lead this out of this correction. And just to be clear, this is a perfectly normal and healthy correction. A lot of alts rallied 50%-500% in the matter of ~3 months. Including many bigger caps. Nothing goes up in a straight line.
I do personally like to take things slow and defend the gains that were made during the past few months. If I see strength I will be eager to look to add on exposure again. This way of playing has already helped me not take a lot of unecessary losses these last two weeks.