Description
⋅ Taking a look at long term altcoin movements and comparing current trends to historical movements, we appear to back in an accumulation zone.
Overall it appears..
Short term bounce off the middle of the accumulation zone (consistent with BTC current downtrend)
Mid term alts "suffer" in the accumulation zone until BTC finished its current run.
Considering so many BS alts will continue to bleed out, IF the zone breaks to the upside, the moves on the survivors will be exponential.
Comment
⋅ bounce initiated off middle of zone as indicated
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⋅ found support at the bottom of the support range. Is this enough support to mirror late 2015? We will see..
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⋅ Lining up with late 2015??
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⋅ good response off bottom of blue box territory, what will we do here at the middle fo the zone again?
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⋅ another 2 yr bull run incoming ?