Alts Last line of support
Total alts cap broke out the ascending channel and looking for discovery below the channel. If we count the wave, then we should be nearing a bottom any time soon. We are sure everyone is surprised why the alts seems to still be in a bear market.
Some alts devs can , we can count a number of projects whose devs don't have money to run the project anymore , some devs have dissapeared and left the project to the community without enough funds to continue.
So what we might be witnessing in the next couple of months might be real capitulation. Though Ethereum is responsible for more than 90% of the alt coin sphere,which means some the alt dev exit plan might be to sell as much eth n alts as possible into bitcoin , then into fiat , which in some other theory might be the actual reason for the bitcoin pump, but then we never know .
as seen previously alts with good fundamentals should really pump hard when bitcoin starts reaccumulating at its 0.618 fib level. Watching the support and bitcoin at 0.618 fib level to see how alts react.
Now fewer newbies to trick with buzz words, it is projected some alts might not survive this season.
Some alts devs can , we can count a number of projects whose devs don't have money to run the project anymore , some devs have dissapeared and left the project to the community without enough funds to continue.
So what we might be witnessing in the next couple of months might be real capitulation. Though Ethereum is responsible for more than 90% of the alt coin sphere,which means some the alt dev exit plan might be to sell as much eth n alts as possible into bitcoin , then into fiat , which in some other theory might be the actual reason for the bitcoin pump, but then we never know .
as seen previously alts with good fundamentals should really pump hard when bitcoin starts reaccumulating at its 0.618 fib level. Watching the support and bitcoin at 0.618 fib level to see how alts react.
Now fewer newbies to trick with buzz words, it is projected some alts might not survive this season.