Week 2 (2023) Altcoins Analysis

by Jan 10, 2023Altcoin Weekly Analysis, Weekly Analysis0 comments

With the decline of BTC.D and the rise of Bitcoin, altcoins experienced good growth according to the previous altcoins analysis. But due to BTC.D reaching the support zone and the possibility of correction of BTC, the decline is predicted for most of the altcoins analysis in the next week.

BTC.D Chart

In this area, the divergence in the chart of altcoins usually happens, and stop market makers do hunt to liquidate short positions, so traders should use bigger stop losses or less leverage if they take short positions.

See also  Week 5 Altcoins Analysis

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