Expecting a big shakeout in alts if btc goes below 9800. I think there are a few alts like eth, ltc and bnb that can be considered quality.
Virtually all other alts are going to experience strong market rejection because they are mainly hype.
This chart shows the market cap of everything except eth and btc. I expect it to have a downward trend for the intermediate future and will track it find where to fade bullishness in the alt market.
Virtually all other alts are going to experience strong market rejection because they are mainly hype.
This chart shows the market cap of everything except eth and btc. I expect it to have a downward trend for the intermediate future and will track it find where to fade bullishness in the alt market.
Comment:
BTC has been mildly lower and there's been some notable bullishness in alts. I think this may end up being the B point on the overall move lower.
