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This entire crypto time line is like a bunch of rookie boxers complaining about being punched.
Bunch of spoiled brats.
Holding scary dips is like 9/10th of the sport of crypto. wtf did you think we were doing here.
Despite the recent sell-off and macro conditions that might or might not have temporarily influenced them.
Interestingly, the altcoin market has bullishly retested the most nearest support.
While this move has undoubtedly caught many of guard and might have been seen as "quite brutal" to some.
The charts tell a not so fearful scenario at all.
Retest or retests of bullish continuation are a common thing. No matter how bad they look at the moment when they occur.
My expectations?
The local bottom is probably either in or extremely close.
We might continue to see some sideways volatility with smaller up and downs here but the brutal sell-off looks closer to its end.
It's especially advisable to be on the lookout for alts that are making a strong new floor soon.
Multiple taps around the same price area to establish new support.
These are almost always followed by a new strong rally to previous heights or even beyond them.
Nova out 🤝