SolanaLong
Bitcoin and Altcoins in Different Cycles
I want to show that Bitcoin, the older altcoins and the newer coins are in different cycles. While Bitcoin is potentially in its last cycle / wave 5 (retail wave) before its first correction, the older altcoins like ETH, XRP and XLM (also Doge and DGB) are just in wave three. Wave three (institutional wave) can be long and exhausting (see stock charts). The newer coins potentially finished their wave one (smart money wave) and started corrections (wave two).
I noticed people were confused and complained about their cryptos not going up but newer coins rally much faster, so traders have to distinguish what cycle they are in.
I noticed people were confused and complained about their cryptos not going up but newer coins rally much faster, so traders have to distinguish what cycle they are in.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.