Crypto Total Market Cap Excluding BTC, $Mis à jour Long term altcoin trend analysis. No altseason for a while yet.
Taking a look at long term altcoin movements and comparing current trends to historical movements, we appear to back in an accumulation zone.
Overall it appears..
Short term bounce off the middle of the accumulation zone (consistent with BTC current downtrend)
Mid term alts "suffer" in the accumulation zone until BTC finished its current run.
Considering so many BS alts will continue to bleed out, IF the zone breaks to the upside, the moves on the survivors will be exponential.
Overall it appears..
Short term bounce off the middle of the accumulation zone (consistent with BTC current downtrend)
Mid term alts "suffer" in the accumulation zone until BTC finished its current run.
Considering so many BS alts will continue to bleed out, IF the zone breaks to the upside, the moves on the survivors will be exponential.
Note
bounce initiated off middle of zone as indicatedNote
found support at the bottom of the support range. Is this enough support to mirror late 2015? We will see..Note
Lining up with late 2015??Note
good response off bottom of blue box territory, what will we do here at the middle fo the zone again?Note
another 2 yr bull run incoming ?
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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.