Opinion: The Altcoin downtrend is still in its early stages; investors need to be prepared.
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According to ME News, on February 6th (UTC+8), analyst @alicharts published an article stating that although the market experienced a brief rebound, some Altcoin did not follow Bitcoin's significant rebound. From a chart perspective, many Altcoin face deeper declines (such as THETA, FIL, DOT, AVAX, etc.). @alicharts believes the Altcoin downtrend is still in its early stages. The overall market structure indicates further downside potential, and well-prepared traders still have many opportunities to profit from this market environment. @alicharts specializes in analyzing the market using charts and historical price movements, and his view on the crypto market shifted from bullish to bearish last October. (Source: ME)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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