So during the week, I was noticing that most Alts were actually holding their support so strong and not bleeding much. These are Alts I was expecting that they w'd be in a worse state but surprisingly, they were holding so i began to look at all their(of course investors holding plays a huge role to this) patterns and i found out this similarities and differences with them like btt ,most Tron based tokens and once that haven't retested their ATH, Tel and Chr...
For some that are yet to retest their ATH since March or April, they are still in corrective pattern (ABC or ABCDE) of Impulsive Wave 4 and have not conclude their wave 5 reason they are mostly holding support right on the top wave 1 peak. But Tokens like
CHR that have actually concluded theirs(CHR did ABC) and then rested ATH, concluded Wave 5,printed a new high has now began another big corrective wave journey (ABC)
So the reason i 'm sharing this details is because of some of you have been in boxing me asking a lot of questions only a seer or prophet can answer. Therefore i am trying my best to provide a general view of what is likely playing out from what i saw in their patterns of price movement(factoring in btc, FA, market sentiments/FUD).
You have to believe in the projects to be an investor. Don't buy just because someone told you to.
Some tokens due to the nature of the holders have some kinda of momentum that they will go through this corrections more faster than the others and keep going up...Some take their time prolly because of leverage or inside kinda tradings which makes it look like it ain't moving or P&D as some of you think... The bottom line is that, they will have their moment. You just have to be patient to reap profitably as an investor which could take weeks ,months or even year(s). Or you can position yourself on how to trade them if you ain't holding for a long time
For some that are yet to retest their ATH since March or April, they are still in corrective pattern (ABC or ABCDE) of Impulsive Wave 4 and have not conclude their wave 5 reason they are mostly holding support right on the top wave 1 peak. But Tokens like
CHR that have actually concluded theirs(CHR did ABC) and then rested ATH, concluded Wave 5,printed a new high has now began another big corrective wave journey (ABC)So the reason i 'm sharing this details is because of some of you have been in boxing me asking a lot of questions only a seer or prophet can answer. Therefore i am trying my best to provide a general view of what is likely playing out from what i saw in their patterns of price movement(factoring in btc, FA, market sentiments/FUD).
You have to believe in the projects to be an investor. Don't buy just because someone told you to.
Some tokens due to the nature of the holders have some kinda of momentum that they will go through this corrections more faster than the others and keep going up...Some take their time prolly because of leverage or inside kinda tradings which makes it look like it ain't moving or P&D as some of you think... The bottom line is that, they will have their moment. You just have to be patient to reap profitably as an investor which could take weeks ,months or even year(s). Or you can position yourself on how to trade them if you ain't holding for a long time
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.