Hello Friends!
As Bitcoin continues to cool off just under $30,000, altcoins also are taking a rest from their euphoric rise of the XRP ruling.
Most Altcoins continue to sit in firmly in their bottom ranges.
Normally, you would expect them to have their best performance when Bitcoin starts its true Bull Market run, and we already know that is potentially around the corner…
There are some questions on my mind that I am sure you have as well, that I want to explore further in this edition:
When did altcoins take off in previous cycles?
How long will Altcoins stay in their bottom ranges?
Is now really a good time to buy? Should we wait for ETH and BTC downside first?
Can altcoins that did well in the last bull market succeed in this one?
How do I know which Altcoins to choose?
These are all valid questions, which I believe all have an answer.
We talked about some small room for downside on ETH last newsletter, which did turn out to be the case. Is that completed? We’ll be sure to take a look at that as well.
Just as we did last time, this newsletter includes altcoins that you voted on in our telegram group!
I have included as many as I can. My main goal is to determine how the charts are looking for potential buying opportunities, and how risky a potential coin is using its MarketCap. I won’t be analyzing the projects or the utility of the coin. Frankly, I don’t think it matters. Every coin’s marketing team is going to tell you that their coin is the most useful and their project is the best.
I’ll be here to tell you the facts of the chart reveals them.
The Altcoins That Made This Newsletter:
INJ
OP
AVA
MKR
SAMO
FIL
DOGE
KAS
RUNE
BAX
The Priority Alts Next Newsletter:
GALA
KSM
This Newsletter Will Cover…
Altcoin Market Overview - The breakout we needed
Ethereum Analysis - Downside before upside?
Your Altcoins, Analyzed - How do your Altcoins size up?
What Should You Do? - Wake up! It’s time to buy Alts
Q&A - Answering questions using our analysis