In this video, I explain how I've divided up the previous crypto market cycle, and how I'm comparing it with the current situation. Using this method, I'm making an attempt to predict (speculate) on what's going to happen with Bitcoin and altcoins over the next several months.
This is not financial advice. This is just my way of analyzing the market, and it should be used only for speculative and educational purposes. I look at it as a bit of a puzzle. This is fun for me : ) Hope you enjoy!
-Victor Cobra
This is not financial advice. This is just my way of analyzing the market, and it should be used only for speculative and educational purposes. I look at it as a bit of a puzzle. This is fun for me : ) Hope you enjoy!
-Victor Cobra
Commentaire:
Since it appears that Bitcoin is making an attempt to head back to $13K already, perhaps the July 2016 comparison is no longer valid. Here's that point in time, zoomed in. You can see that the altcoin cap increased by over 200% as Bitcoin failed to make a new high. What's even more interesting, is that this pump did not occur in any of the established alts I was looking at in this video (XRP, XLM, or ETH). I'm trying to figure out where this came from.
Commentaire:
We could, in theory, say that we're here, since we did break a short term downtrend back then as well. Things looked like they were going to head higher but they did not. Instead, Bitcoin headed back down and alts gained on their ratios, pumping harder several days later (according to this chart). Still trying to figure out where the pump came from.
Present day:
