Popular Analyst Warned Altcoin Investors: Beware of Short-Term Trend!

Real Vision analyst Jamie Coutts warned altcoin investors.

Jamie Coutts warned altcoin investors in his X post dated June 10. Stating that a long-standing upward trend has been broken in a downward direction, the analyst invited investors to risk management.

Stating that most cryptocurrency funds consist of giant altcoin projects, the analyst reminded that these funds cannot make much profit against Bitcoin funds:

Most cryptocurrency funds are comprised of giant altcoins, and although there is a six-month crack between Q423 and Q124, they are not having as much fun as they would like.

Short term bearish long term bullish

Stating that altcoins are in a short-term downward trend in the chart he shared, Jamie Coutts noted that when looking at the moving average chart, things are finally starting to change and the altcoin season may show its strength in the medium term:

While short-term price action remains bearish, a bullish moving average on the upper chart and a reversal on the lower chart of the index index could be a pretty clear signal that things are changing.