In this video I lay out several reasons why now could be the time for altcoins. Q4 of 2019 + Q1 2020 are the quarters to look at for altcoins.
– First reason is that the Bitcoin dominance is at the 61.8% fibonacci level.
– Second reason is that altcoins are probably in the depression phase, that would mean we are at or close to the bottom for altcoins and a rally will follow shortly after.
– The third reason is that altcoin market cap looks ready to break out of a descending wedge which it has been forming for over 2 months.
– The 4th reason is that historically a Bitcoin rally is followed by a period of sideways movement for Bitcoin and after a few months of sideways movement, it’s altseason while BTC continues to move sideways. It has been like that previous cycles so it’s likely to be somewhat similar this time too.
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I know what some people will think: "you have been talking about altseason for months now" and yes that's true. But when I start talking about it, doesn't mean I think it will be imminent. It means that I think it will happen and sometimes it's really hard to predict when. Now is the time I think that this breakout and "altseason" is imminent. There are many things falling into place for it to happen. Sentiment is changing as well.
Very useful and relevant analysis. Thanks.
smart man))) I didn't know you hold xrp)) ada and xrp are my favorotes. Thought there also other good projects like neo, nem and others
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An Altcoin rallye would be very motivating, after this shitty long bear market ?
Now I have GRAM coins too) I bought one hundred here graminfo.online/sale
Tere muh me ghee shakkar
great vid man . good evening from west ireland.