Altcoins in Expected Correction — Choppy, Range-Bound Ahead
I expected a correction and it has arrived — I think altcoins will stay range-bound for a while.
I see the market likely moving in a one-good-two-bad pattern, which will make price action choppy and tiring. I believe precautions are necessary because endless rallies are unlikely.
Analysis
Momentum has weakened after the pullback, increasing the probability of volatile, range-bound behavior with intermittent positive and negative signals rather than a sustained uptrend.
Recommendation
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.