Death of altcoins announced in June, I have not changed my mind!
I take Ethereum as an example, but both in terms of fundamental analysis and technical analysis, it is for me 99% of altcoins that are at the end of life, if not already dead and buried since my announcements of June.
I do not say 100%, because in my opinion there remains a hope, and even an interesting bullish potential, for the few crypto that share the same properties of Store of Value (SoV) as Bitcoin: Decred ( DCR) especially, Monero (XMR) and Litecoin (LTC), essentially. Provided they can one day benefit from a larger network effect, Bitcoin's strong point at the moment.
Regarding Ethereum, which is a barometer of altcoins (for many ERC20 including), my graph on the left shows that the historical support no longer exists vis-à-vis the ETH-BTC, confirming my analysis of June 26, 2019.
And my graph on the right shows in a logarithmic scale (the most suitable for such a time scale) that the bullish trendline has given way like the similar one at the end of July 2018, to a price that has never been seen since ($ 470).
In short, my "ALL IN BTC", my "Bitcoin-Maximalism" (or "SoV-Maximalism" when I will surely include DECRED and MONERO term), since my announcement of a new bull cycle in December 2018, only strengthen with the results of the last months, which you can consult below:
I do not say 100%, because in my opinion there remains a hope, and even an interesting bullish potential, for the few crypto that share the same properties of Store of Value (SoV) as Bitcoin: Decred ( DCR) especially, Monero (XMR) and Litecoin (LTC), essentially. Provided they can one day benefit from a larger network effect, Bitcoin's strong point at the moment.
Regarding Ethereum, which is a barometer of altcoins (for many ERC20 including), my graph on the left shows that the historical support no longer exists vis-à-vis the ETH-BTC, confirming my analysis of June 26, 2019.
And my graph on the right shows in a logarithmic scale (the most suitable for such a time scale) that the bullish trendline has given way like the similar one at the end of July 2018, to a price that has never been seen since ($ 470).
In short, my "ALL IN BTC", my "Bitcoin-Maximalism" (or "SoV-Maximalism" when I will surely include DECRED and MONERO term), since my announcement of a new bull cycle in December 2018, only strengthen with the results of the last months, which you can consult below:
