A possible falling wedge pattern emerge in the altcoin total marketcap.
This data is skewed heavily by Ripple and Ethereum marketcap.
Another fairer assessment is to analyse the market breadth, i.e, looking at each individuals coins, 2000+ in Coinmarketcap and 5000+ in Coingecko.
Market breadth analysis is telling us an interesting story, with more and more coins showing some strength versus BTC.
A possible short term bottom in the altcoin market is possible, which means that there is possibility that they will rise in USD together with BTC.
Regardless, in this situation and environment, this is not 2017 where you can punt any coins and everything goes 10-20x. Coins will go up SELECTIVELY on a ROTATIONAL basis. I.e, one by one and when there is news or something fundamentals going on.
Last but not least, we are still far above the low on November 2018, which is a bullish signal.
Confirmation of bull market only happens once we surpass the June 2019 high.
This data is skewed heavily by Ripple and Ethereum marketcap.
Another fairer assessment is to analyse the market breadth, i.e, looking at each individuals coins, 2000+ in Coinmarketcap and 5000+ in Coingecko.
Market breadth analysis is telling us an interesting story, with more and more coins showing some strength versus BTC.
A possible short term bottom in the altcoin market is possible, which means that there is possibility that they will rise in USD together with BTC.
Regardless, in this situation and environment, this is not 2017 where you can punt any coins and everything goes 10-20x. Coins will go up SELECTIVELY on a ROTATIONAL basis. I.e, one by one and when there is news or something fundamentals going on.
Last but not least, we are still far above the low on November 2018, which is a bullish signal.
Confirmation of bull market only happens once we surpass the June 2019 high.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。