ltc-joe

The start of a new market cycle in alt coins

ltc-joe Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
The sentiment on alt coins is almost as bad (possibly worse) than bitcoin at $6k, $3k. It's time for a new market cycle. I have been short term bearish on bitcoin since we interim topped at 14k, as i've mentioned i'm still expecting more downside for btc in the short term. I believe this next swing down will provide an opportunity for some alts to bottom in terms of bitcoin, then eventually get going in terms of $ as well as traders realize it is the start of a significant reversal in alts. With that said there may be differences in timing for each alt, and I think this may be key to capitalizing on this cycle. I believe quazi and fully decentralized exchanges will be a big part of this and start to capture some volume from their centralized counterparts. More on this later.

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*This larp is not financial advice*
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