💡A quick note for this Monday:
I've been analyzing a lot of #crypto today and I have a feeling we're in another bull trap! 🚨
I really don't like the way altcoins are reacting to bitcoin's rise.
$BTC price is also stuck below the main resistance level of $69,500 - $70,000!
Having witnessed several bullish cycles, liquidity can move very quickly and altcoins can lose 10-15% in a matter of hours⚠️
Most #altcoins are stuck below major resistances or stagnating above important supports with no real upward pressure.
Only a few stand out with strong bullish trends (to be favored).
I therefore expect altcoins to fall further (probably in the short term). As this is the hardest thing to anticipate, and therefore the place where losses are often greatest, I prefer to close my leveraged long positions at the moment⚠️
I've opened a few altcoin shorts and buy orders on lower supports!
Even if this doesn't happen, we should see/expect more bullish confirmations for a more serene uptrend!
Just be careful! Secure your positions, as the markets are likely to get choppy soon!
You need to understand that such corrections are indicative of a bull market to come!
In the medium/long term, I remain bullish on #bitcoin and most #alts 📈
You can find more in my graphical analyses ✍️
Take not of it please.
