Looks similar somewhat to dcr and some others. Ill call this a Class W alt, long/mid term possible double bottom-ish. Taking a look through a bunch of alts after getting back to pc and markets, i would take a guess we are soon going to move up on a bunch (and probably keep going down on many others) - ie alt season or at least some decent bounces up ie more than 50% moves, some on trex and elsewhere did already, i wasnt trading them though.
There are many that are very very similar charts (ie correlated together) and for those, perhaps not owning 8 of the same asset is a good idea, just take your allocation of 1, or 2 (due to not knowing which will pump first or fastest). in past ive owned a bunch correlated assets and its more difficult to manage effectively.
ill make a btc chart later.
Ill might take a moment to chart a few more i think are related.
dont normally use MFI but it was on the chart for some reason, also shout out to whoever made the long term levels.
As always, if you like to view markets, discuss strats, trade alts, btc, or stocks, do hit me up. I always look forward when i have time to discuss markets and thoughts, on twitter, telegram, or whatsapp.
There are many that are very very similar charts (ie correlated together) and for those, perhaps not owning 8 of the same asset is a good idea, just take your allocation of 1, or 2 (due to not knowing which will pump first or fastest). in past ive owned a bunch correlated assets and its more difficult to manage effectively.
ill make a btc chart later.
Ill might take a moment to chart a few more i think are related.
dont normally use MFI but it was on the chart for some reason, also shout out to whoever made the long term levels.
As always, if you like to view markets, discuss strats, trade alts, btc, or stocks, do hit me up. I always look forward when i have time to discuss markets and thoughts, on twitter, telegram, or whatsapp.
