ALTCOINS JUST GOT REJECTED!

The altcoin market has been rejected, and the hosts, Sam and Tyler, will discuss what's coming next from both technical and fundamental perspectives.

The altcoin market is pulling back due to Bitcoin's price rejection at a major point of resistance ($100,000 psychological level and ascending level of resistance).
Total 2 (total market cap of all altcoins) is also getting rejected off a major level of resistance.
However, Tyler believes this is not a terrible crash, and the altcoin market is creating a descending parallel channel, which has an 80-85% chance of breaking out towards the top side.
The altcoin market is backtesting a macro Fibonacci Golden Zone, a major point of resistance, and trying to flip it into a support zone.

Sam believes the current dip is due to people taking profits, either at the end of the year or because they think there won't be a strategic Bitcoin reserve on day one.
Despite worries about Jerome Powell not lowering rates quickly, the economy looks good, and there will be quantitative easing eventually, increasing the money supply.
There is increasing adoption, and people in high positions of power are coming out in favor of crypto and Bitcoin.
Sam thinks the narrative for the next bull run is large institutions and nations buying Bitcoin, which will also rally altcoins.

Both hosts are optimistic about the market and are dollar-cost averaging or holding onto their positions.
They expect bigger moves due to lower volumes during the holiday season and advise viewers to be ready for anything.