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.
Note
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.
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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.