Correction after impulse: time for strategic planning
Moments of correction after a strong impulse, when the momentum on public networks declines, are the ideal time to build a plan and prepare for the next moves.
Altcoins, especially the larger-cap ones that have been dormant for most of the cycle, are now showing impressive momentum, often in the 3x to 5x range. If we look back at historical data, altcoins are known for their impulsiveness, which usually takes place in three waves before correction and consolidation occur. This pattern repeats itself consistently in different cycles, making it valuable for technical analysis and planning.
Statistically speaking, impulse waves usually last between 2 and 4 weeks, followed by a period of consolidation. According to patterns from previous cycles, we are currently consolidating after the first wave, which indicates the possibility of a second impulse starting soon. If history repeats itself, two more impulses await us before distribution. 1 reply
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