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ltc-joe
Sep 15, 2019 11:34 AM

The start of a new market cycle in alt coins 

Market Cap BTC Dominance, %CRYPTOCAP

Description

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*

Comment

6. ltc-joe
Comments
MVPMC
BTC dominance going to all time lowest point ?
whilst growing in the bullrun ?
Having a 5x larger market cap than the runner up ?
:)
amoc
wow they dump@ripple@like a biach
noobs
wow btc maximalist shilling shitcoins
UnknownUnicorn1432487
Thank you for all your ideas! ;) My eyes are on xmr/btc for some time now. At first I thought 0.0078 is a bottom but on august 19 turned bearish again, somewhere around september 5 it started building some divergences on 1/2d and some smaller on 3d time-frames. Worth a look. Also, have been trading ltcbtc/xmrbtc pair for a while now, and had quite some success - maybe you can find something in it. Good luck.
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