I decided to dig into larger timeframes (on the 1D chart) and found an interesting pattern. One of the top altcoins (specifically APTOS) is showing a similar movement structure for the third time.
It goes like this: breaking past the previous local low, several red weekly candles, and then a bounce after a sharp drop.
The market doesn’t always repeat its movements, but the higher the timeframe, the higher the chance of repetition because repeating the structure is more complex and takes longer.
The situation with the entire altcoin market also keeps traders restless. I recommend adding this asset to your portfolio and holding it for up to 6 months. Based on past experience, it should show a strong rebound during this period. I also hold a large volume of coins, which I bought both a year ago and a few months ago. However, I plan to sell them during the next market pump since I hadn't noticed this movement pattern before.
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