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#ALTSEASON time?
Read the thread below to see what I think 👇
Retweet if you like content like this, I might post these kind of analysis on a more regular basis if you guys like it!
[1/x]
Read the thread below to see what I think 👇
Retweet if you like content like this, I might post these kind of analysis on a more regular basis if you guys like it!
[1/x]
Volatility and a trending BTC are bad for $ALTS in general, ALTS thrive in an environment in which BTC moves sideways.
As can be seen in above chart, last time we had a drop in price, ALTS started moving after BTC made it's range[2/x]
As can be seen in above chart, last time we had a drop in price, ALTS started moving after BTC made it's range[2/x]
This is because volatility dampens after a drop in price. After the peak and drop, buyers and sellers need to agree on the price again, this results in consolidation and price tightening, which is good for ALTS.
Hence why we usually see ALTS move after a drop [3/x]
Hence why we usually see ALTS move after a drop [3/x]
