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.
———————————————————————————————————————————————————–
Follow me on Twitter:
Tweets by QuintenFrancois
Follow me on Facebook:
https://www.facebook.com/YoungAndInvesting1
Follow me on Steemit:
https://steemit.com/@younginvesting
Cryptocurrency investing Facebook group: https://www.facebook.com/groups/480785485606417
———————————————————————————————————————————————————–
Register on Binance: https://www.binance.com/?ref=10813220
———————————————————————————————————————————————————–
If you’re feeling generous, donate to me here:
Bitcoin: 3ENm2XRVACaaEEwRqMZNYt9Zf1K1yWicUX
Ethereum (& ERC 20 tokens): 0x8cb2838f3F5e43FCCeEF696D3570D3762968F118
Ripple: rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv
Litecoin: MB9Z1bZHf72qNa3439nDoEcdHdUWMAshbq
Dash: XrucvJa2F3GLfqn3h8MQPww16i9rHN5Lae
NEO: APPViiDBuQn8NcKqgzX31jQ2ySaP2kW47L
source
