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🔥ALTCOINS Overview - My previous analysis said that TOTAL2 will retest the zone below 950B. it is now working correctly when starting to approach the zone I analyzed before. - Total2's H4 candlestick is closing as a Marubozu candlestick, this is a bad signal for Altcoins - Some Altcoins have started to make lower lows, suggesting a downtrend is likely to continue. - From the perspective of BTC.D, I have also analyzed that it will break from the Down Channel in the near future. It now works => Breakout This is also the reason why Altcoins continue to create a downward trend - Top 5 strongest declines in order are: ETHFI, ORDI, AEVO, OMNI, ZK Most are new Altcoins of 2024 What is happening to them? #Megadrop #HKETF #BitcoinETFs $BTC $ETH $ORDI

🔥ALTCOINS Overview

- My previous analysis said that TOTAL2 will retest the zone below 950B. it is now working correctly when starting to approach the zone I analyzed before.

- Total2's H4 candlestick is closing as a Marubozu candlestick, this is a bad signal for Altcoins

- Some Altcoins have started to make lower lows, suggesting a downtrend is likely to continue.

- From the perspective of BTC.D, I have also analyzed that it will break from the Down Channel in the near future. It now works => Breakout

This is also the reason why Altcoins continue to create a downward trend

- Top 5 strongest declines in order are: ETHFI, ORDI, AEVO, OMNI, ZK

Most are new Altcoins of 2024

What is happening to them?

#Megadrop #HKETF #BitcoinETFs

$BTC $ETH $ORDI

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📍 Update for BTC - I rarely apply Wyckoff to crypto because most of it does not create perfect models, this time is the same, however most wave structures largely respect the models with a rate of more than 70%. works correctly (applies to Wyckoff) you can backtest yourself with the 2021 and 2023 Season Altcoins Waves - Okay, I will present the current situation of BTC from this perspective - Currently we are in Phase E, where buyers expect that today's candle will be a reversal candle and they will get the best entry point of this pattern (Spring Point) - This is also where Sellers, when they see a break out of the box model I drew in orange, will initiate Short positions. - The point here is, we have seen BTC grow continuously for 6 months from November 2023 to April 2024 (monthly candles) Therefore, I think that BTC should stop for a moment, and the above model is the distribution model, BTC should have this adjustment rhythm to be able to continue to grow more sustainably. - Also, did you realize that when BTC reached the 73000 area, there was a lot of good news like the ETF being approved and a series of other news, BTC had many days with very large volume and funds bought a lot, but the price again sideway? - Why? - Up to now, BTC has broken out of the box model with larger volume than previous days and showed a strong breakout out of the box. Combining the above factors, I think this is probably a Wyckoff Distribution model. This is just a personal perspective, you can verify or criticize yourself below this article, all opinions and analyzes will be respected! #altcoins $BTC $ETH $BNB
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