I have been doing this analysis since the beginning of 2022-01-20. As of now, the prices of all altcoins are down as planned. Now everyone's question is whether they are in the "dip" !!! In my view, we are in the first "correction wave" that occurs after a large "distribution" phase. However, this plan can only be further confirmed if the $ 623B (red) zone is clearly broken by a daily red bar. If so I expect the overall altcoin market to crash by more than 10-25%
However, a bull situation in altcoin can be expected again after the entire model is created with a new "higher high" according to the "price action" theory. That's only if the price goes back to the $ 823B level. Therefore, I would like to remind you that I can not expect a suitable environment for long term investment at this time.