Altcoins are looking to pullback 10-15% soon

٩ ديسمبر ٢٠٢٣

More of a caution here. Alt bulls are starting to lose a bit of steam here in overbought territory on the RSI. I can't go through all the charts rn but they are all looking fairly similar, overbought on the daily RSI and looking to test major levels of support on the underside. Do what you will with this information but for me personally (as my followers know), I have taken quite a bit of profit off the table yesterday afternoon and this morning. I have moved my stops up to be in the profit on most of my trades and as I look through my current positions I am considering more action to ensure I exit appropriately if we get this pullback the charts are showing.

Again, I don't expect anything major. As you all know, I have stated that BTC should be going sideways to down (at least according to the technicals) over the next few days to weeks. This will give ALTS a bit of a chance to catch up more. But before this happens, bulls may need to catch their breath.

Best,
Stewdamus