This is an analysis of the alt coinmarket excluding Bitcoin.
I use time cycles which not only predict the price but also predict the time and this is where my analysis is different it iincludes time action as well.
Scenario 1
The alts start dropping without making a new high or closing above it.
In this scenario there is an expected correction of 30% to all all coins from today's prices. This Should occur around end of November the time cycles I have drawn. Fresh price highs will happen after this happens for a new cycle. I'm expecting that will happen around January the peaks where alt coin holders can exit.
Scenario 2
There is a fresh new high in the next one to two weeks. In this case the market will continue going higher and will correct to a price higher than today's price. Even in the scenario they will be an exit option around mid January .
I'm leaning towards scenario one more than scenario two
I use time cycles which not only predict the price but also predict the time and this is where my analysis is different it iincludes time action as well.
Scenario 1
The alts start dropping without making a new high or closing above it.
In this scenario there is an expected correction of 30% to all all coins from today's prices. This Should occur around end of November the time cycles I have drawn. Fresh price highs will happen after this happens for a new cycle. I'm expecting that will happen around January the peaks where alt coin holders can exit.
Scenario 2
There is a fresh new high in the next one to two weeks. In this case the market will continue going higher and will correct to a price higher than today's price. Even in the scenario they will be an exit option around mid January .
I'm leaning towards scenario one more than scenario two
Hi Please ask access to my invite only script . Use the link below cryptanteg.gumroad.com/l/tdmmdu
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hi Please ask access to my invite only script . Use the link below cryptanteg.gumroad.com/l/tdmmdu
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.