Avalanche Lower High Confirmed | Marketwide Signal

➖ This is a regular ABC correction: The top of wave b is lower than the start of wave a.

➖ In the irregular ABC correction, the top of wave b is higher than the start of wave a.

On the 15th of February, Avalanche (AVAXUSDT) produced a lower high compared to 24-December 2023. This is true for many, many Altcoins.

Some Altcoins though such as Binance Coin did not produce a lower high and instead are peaking just now —Feb. 2024.

Bitcoin, as the top Crypto, went on to produce a higher high in February but this higher high is simply wave b of an ABC correction, the irregular kind of type.

The market has been in a bearish phase for months. It isn't evident on all the charts for obvious reasons but, the majority of the Altcoins peaked in November-December 2023. Only a few peaked this year, 2024.

The bearish bias here confirms that a correction is coming to Bitcoin; because we are all one and the same. What one does, the rest follow.

Already shared we have:
➖ Polygon (MATICUSDT); ABC.
➖ Dogecoin (DOGEUSDT); ABC.
➖ Aptos (APTUSDT); ABC.
➖ Cardano (ADAUSDT); ABC.
➖ Solana (SOLUSDT); ABC.
➖ ETC.

Ethereum is the #1 Altcoin; The second Cryptocurrency by market-capitalization. Many people have their eyes on Bitcoin and Ethereum and thus the market bias won't be easily detected on these charts. Ethereum also continued moving rather than peak early on.

One caveat though, it is still moving but also because it lagged behind in 2023.

Bottom line is this: The Cryptocurrency market is already bearish, technically speaking.

I am sharing this information with my dear supporters in mind, so that you can go ahead and prepare (take profits).

The market moves in waves... After strong bullish action, a correction takes place.

I will share more Altcoins to reinforce my point.

You can visit the related ideas below for more.

Namaste.