The post Altcoins May Soon Fall Into the ‘Sell the News’ Trap: Did the Bears Diffuse the Santa Rally? appeared first on Coinpedia Fintech News
The altcoins have gained extreme strength since the middle of October, which has lifted the markets close to the crucial resistance levels. With a nice push beyond the levels, the altcoins are expected to trigger a fresh upswing, which may even trigger a strong AltSeason. The markets appear to be allowing reloading and accumulating, as the biggest wave seems to be fast approaching.
A popular analyst, anonymously known as Stockmoney Lizards, points towards the altcoin market cap, which is heading towards the 2.618 FIB Extension level. The levels are expected to hold on around these levels for a few more days, and the ETF news is likely to lead to a short spike to achieve the levels around $235 billion. However, the analyst believes the levels could face rejection as they may fall into the trap of ‘buy the rumour, sell the news.”.
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