Technical analysis by thecardiak about Symbol ALGO: Sell recommendation (1/15/2024)

I believe we are getting primed to retest our bottom before ALGO has a true bullish movement. SPX is potentially at a double top from 2022 highsEvergrande bankruptcy/court ordered liquidation or restructuring final deadline is end of january (will cause a cascade of bankruptcies in its wake)Regional Bank Crisis 2.0 looks primed to resume as backstop funds dwindle the top of the 2021 market was the SEC approving the BTC ETF FUTURESthe top of the current market may be the SEC approving the BTC SPOT marketBTC weekly candle looks extremely bearish. This could either signal an alt season if it settled down and formed a long term flag or it could just drag the entire market down with it which seems just as reasonable