Altcoin Setups Look Strong: Buy the Dip or Catch a Falling Knife?

As Bitcoin enters the second day of a nasty reversal, more than 9% down and over $10,000 lost so far, what chance do the altcoins have? Many have taken a far worse ￰0￱ said, a few of the top altcoins like $ETH and $SOL have hit excellent buying ￰1￱ they a buy, or is the crypto market just too volatile right now? Is the total market cap of the altcoins a cause for concern?) it can be seen that yes, there is a horrible red candle that is poking down through the ascending ￰2￱ has broken through the $1.47 trillion horizontal support, and could be heading down to the $1.25 trillion support level, or even the 0.618 Fibonacci at $1.19 trillion. However, there are two major factors to bear in mind ￰3￱ week is only two days old, and the Stochastic RSI indicators at the bottom of the chart are ripe for a turn back to the ￰4￱ zoomed into the shorter term time frames things can become very ￰5￱ may not be too much longer before the current tall red candle becomes a lot shorter, and at least moves back above the trendline.

Also, look at the last time the Stochastic RSI indicators turned back up from the bottom - a $933 billion move was the result. $ETH bull flag still valid