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

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Post

Week 11 Altcoins Analysis

Week 11 Altcoins Analysis

According to Bitcoin's movement, in Week 11 Altcoins Analysis, altcoins will briefly rise to the Fibonacci area of 0.236 for the correction of the return wave before the slide resumes. Which altcoins will have a stronger association with Bitcoin? It depends on the...

Week 11 BTC Bitcoin Analysis

Week 11 BTC Bitcoin Analysis

According to the previous week's analysis, in Week 11 BTC Bitcoin Analysis Bitcoin has corrected to the $20,000 range. Although many experts attribute this correction to the events at SVB Bank and the consequent depegging of stablecoins, this correction was perfectly...

Week 9 Altcoins Analysis

Week 9 Altcoins Analysis

Naturally, the altcoins that have grown more lately will see more corrections as a result of the correction that began with Bitcoin. On the other hand, the expansion of BTC.D is a contributing factor to this problem and will put selling pressure on the evolution....