Welcome to this quick update. If you are reading my chart for the first time, do follow me for more timely analysis and exclusive trade setups. I share all my strategies for free which can help you to add some extra value to your trading decisions. The total chart followed our speculated move as shown in the last chart (leaving the link to the previous chart below this analysis). The formation of the right shoulder is in play. Likely to retest the blue MA and bounce from there. This could be the time to start adding some alt positions and DCA while it touches that MA. Secondly, at this point, the risk will be lesser than 3 days back when you wanted to FOMO in that green market. Hope you got my point!
You'll find most of the altcoins forming the same structure as shown in this chart. The same rules apply to those too. So trade accordingly,
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