According to a popular analyst, the market correction last week has put altcoins at a disadvantage for a muted price movement in 2019. next Few Months
The Flow Horse is a pseudonymous expert tells His 211,300 social media followers on platform X that he expected altcoins will trade sideways up until July.
The trader believes that the absence of retail flows will affect the market. keep Altcoins have been ranging for several months, with some printing new local lows just before the next big move up.
I think that time is an important factor in corrections, particularly in markets where the market is still very long and there are no retail flow coming in.
If the market chops until July and the current lows are still relatively unchanged, then I’d rather wait to buy than rush out too soon, as it would be more difficult to deal with psychological problems caused by the chop.
Many of them will make new highs yet still first make new *local* lows. “New retail is not here, and there aren’t enough buyers for the bags.”
Although The Flow Horse expects altcoins to be a good investment, he is not expecting it. says Three crypto-subsectors are being studied by the author. These will outperform altcoins once they regain their bullish momentum.
Buy the alts of July’s lowest prices if you ask me.
AI (artificial intelligence)
Memes
RWAs [tokenized real-world assets].”
Now, traders says He is accumulating alternative coins to take advantage of big jumps.
“Buying things that are green for even higher bounces. Scan around. It’s obvious.”
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