Flow

Time

<div class="dailyhodl">
 A popular analyst says that last week’s marketwide correction has put altcoins in a position to see muted price action in the next few months.
 Pseudonymous analyst The Flow Horse tells his 211,300 followers on the social media platform X that he expects altcoins to trade sideways until July.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 According to the trader, the lack of retail in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> will keep altcoins range-bound for months with some printing fresh local lows before the next big move up.
 “Time is a pretty important component of corrections in my opinion, especially in a market that is very long still and has no new retail <a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> coming in. 
 Even if the market were to chop until July, with the lows still being relatively the same as they are now, I would much rather buy further out, than too early and deal with the psychological issues created by chop..
 Many of them will make new highs yet still first make new *local* lows. New retail isn’t here and the bags don’t have enough bidders to go around.”&nbsp;
 While The Flow Horse is expecting chop for altcoins, he says he’s looking at three crypto subsectors that will likely outperform once altcoins regain bullish momentum.
 “Buy the July lows in alts if I had to purely guess.
 AI (artificial intelligence)&nbsp;
 Memes
 RWAs [tokenized real-world assets].”&nbsp;
 For now, the trader says he’s accumulating altcoins to capitalize on big bounces.
 “Buying things that are green for even higher bounces. Scan around. It’s obvious.”&nbsp;
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-trader-warns-of-time-capitulation-for-altcoins-says-crypto-markets-not-seeing-new-retail-inflows-tbt85443.html">https://thebittimes.com/top-trader-warns-of-time-capitulation-for-altcoins-says-crypto-markets-not-seeing-new-retail-inflows-tbt85443.html</a>

Top Trader Warns of Time Capitulation for Altcoins, Says Crypto Markets Not Seeing New Retail Inflows

TheBitTimes

Inne artykuły opublikowane 16 kwi 2024

Vitalik Buterin’s Endorsement Raises Hopes and Concerns for Railgun Amid Regulatory Challenges

Borroe Finance, Cardano, and AVAX Face Off: Analyzing Future Earnings Potential in a Thriving Cry...

Mike Novogratz Issues Crucial Warning on Impending 'Debt Death Spiral'

Exploring the Rise of Silver and Silver-Backed Altcoins

Will the Selling Pressure in Bitcoin Continue? Famous Stock Exchange CEO Announced His Short and ...

Bitcoin Depot Reports Stability Despite Bitcoin Price Fluctuations

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!