Technical analysis is a real "french fry". Since it does not take into account the global instability situation, every bad news is a blow to any expectation. Stay away from the market, don't let the prophets blind you. The altcoin season is neither here nor expected in a global environment heading towards recession due to the absurd policies of Trumpism. These are not good times for altcoins in the short term and I fear that Trump will make the markets even more unstable. Don't take risks, stay away.
Do not tire of hearing prophets about this or that currency or the supposed manipulation by whales or exchanges. No one can make predictions with the cryptocurrency market or any other markets. When the trend is impossible to determine, the best thing is to stay away from the market. No one knows what will happen or when it will happen. The prophets have the same value as a 'meme coin.' The unfulfilled prophecies are outrageous; it is normal for someone to get something right among so many cryptographic wise men. When the market establishes a clear trend, enter or exit it.
The large or small fluctuations of the market as well as the forecasts of rises or falls. It's not a matter of faith! Nor of intuition; there are many ruined people with faith and intuition. Nobody, absolutely nobody knows if the market will act like it did in the past. The AltCoin season is unpredictable, and it's uncertain if it will happen or not. Prophets and faith abound too much. Stay alert if you are playing short term, if your nerves don't kill you. In such volatile markets, it is best to play long term in currencies recognized for their trading volume. If nothing unpredictable happens, which can be!
The strategy of buying when the general trend is bearish is a complete nonsense and short-term suicide. Stay out until it rebounds, do not accumulate on drops with high volatility. Buy in markets with an upward trend with clear signs of international stability, stay informed about international macroeconomic variables. All of this is useful for short-term operations. In the long term, entrust yourself to God or the saints you like.
Saying that the market is manipulated or not is an obvious statement; it is always manipulated or conversely never manipulated. Explaining manipulation as a factor of drops and never of declines is, to say the least, crazy. The current debacle is due to a series of factors: No interest rate cuts from the FED, outrageous tariffs against Canada, China, and Mexico that will also harm the US, causing inflation and unemployment. There are also threats to the EU. An unprecedented cocktail that will provoke a slowdown in international trade and an increase in uncertainties.
I must be a somewhat strange economist, but a supply reduction, "burn", does not automatically lead to a rise in asset prices. One must consider the demand side. In a completely volatile market, very unstable and with a growth direction impossible to deduce, despite the failed attempt of technical analysis, it is impossible to guarantee anything, otherwise everyone would be rich.