This analysis seems flawed🤢
I don’t short term trade alt coins (at least not in a market like this) but what I do know about technical analysts is that trend lines are the most basic and reliable signals. Back in January I drew a few trend lines on a chart (took about 5 minutes) and said to myself be prepared to see $6000 BTC. BTC is sitting right on that line today. So, could BTC go lower sure and I suspect many of the old crop alt coins will be thoroughly weeded out leaving the most promising of the old and room for the new. All that said I do not see the technical analysis case for any further protracted downtrend.
Altcoins Price Analysis: The Real Bottom Is Still Far Away - Bit News via BTCnews on iOS
https://en.bit.news/altcoins-price-analysis-real-low-far
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