There are currently a lot of people who don't believe in an altseason.
Many think that the big money from alts is just a thing of the past. But in my opinion if you take a closer look it doesn't look so bad.
Because the process of Bitcoin and the altcoins is almost the same with only small differences. There is always a parabolic upmove followed by a sharp down correction. Once the bottom is reached, consolidation takes place before the price shoots up again.
As an example to the Bitcoin price, I could have opted for every altcoin, since they all look almost identical. But this time I chose Siacoin because I recently posted a new idea about it.
And as you can see on both charts, it's almost the same pattern. That's one of the reasons why I do not understand how people can continue to be bearish towards altcoins. That's what we call acting out of emotions and FOMO.
Hope this idea has given you a good view as I currently look at the market. Maybe it even helped you.
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For those who do not know me, here are a few bitcoin and altcoin trades from before:
Some earlier altcoin trades with targets:
Many think that the big money from alts is just a thing of the past. But in my opinion if you take a closer look it doesn't look so bad.
Because the process of Bitcoin and the altcoins is almost the same with only small differences. There is always a parabolic upmove followed by a sharp down correction. Once the bottom is reached, consolidation takes place before the price shoots up again.
As an example to the Bitcoin price, I could have opted for every altcoin, since they all look almost identical. But this time I chose Siacoin because I recently posted a new idea about it.
And as you can see on both charts, it's almost the same pattern. That's one of the reasons why I do not understand how people can continue to be bearish towards altcoins. That's what we call acting out of emotions and FOMO.
Hope this idea has given you a good view as I currently look at the market. Maybe it even helped you.
---------------------------------------------------------------------------------------
For those who do not know me, here are a few bitcoin and altcoin trades from before:
Some earlier altcoin trades with targets:
Commentaire:
**Of course I meant 'at $20000' instead of 'at over $20000'.
When I posted crash charts for altcoins in May 2018, I was declared crazy. There were people who said I should go to the doctor. These were the targets I had:
XRP from $0.70 to $0.30,
LTC from $140 to $40,
ETH from $700 to $100,
XVG from $0.05 to $0.005,
OMG from $13 to $1.20
NEO from $60 to $17
At that time, I was named as the biggest bearish author. And surprise ... all targets were reached.
Now the same happens again. I say that an altseason will come and again I find a lot of comments that say the opposite.
I read things like 'there will never be an altseason again'. Do you know what this statement reminds me? When Bitcoin was at over $20000 and people said the price will never fall back below $10000.
I always wonder where these people buy their crystal balls to use the word 'never' in trading.