Hello Everyone!
Over the past few days, both Bitcoin and Altcoins have taken a considerable dive, with many Altcoins down 20 - 30%.
In the last newsletter, I raised some concerns for the short-term for Altcoins based on Bitcoin data:
Here is the quote:
“We can’t ignore the signs that are present in data for Bitcoin and by extension alts.
I’ve mentioned this in a previous newsletter, but we still have yet to see the product of it. With the .35 cross and return under on Bitfinex Chaikin money flow, it has always marked some type of significant event.”
Altcoins still had yet to visit healthy support which loomed just below:
“Altcoins are not far away at all from their healthy support, while Bitcoin would need to drop over $10,000 to reach its support.”
I’ll be following up on this and covering many other data pieces to answer the most important question in this newsletter:
Should you buy the dip?
Let’s get started!
The Altcoin Voting Rules have been changed and simplified, you can always view them on this page.
The Altcoins That Made This Newsletter:
UBXS
AVAX
JTO
PHA
NEAR
W
DEGEN
ARB
SUI
BOBO
If your Altcoin is not selected, or you need your Altcoin analysis sooner, you can visit the exclusive requests page for one-time services.
Let’s jump into today’s newsletter!