Hello friends!
Let’s not beat around the bush, Altcoin price action has continued to be quite lackluster, alongside Bitcoin.
This raises many questions, especially for those that have bought altcoins that continue to dip. What should you do, just keep on buying?
As we have discussed in previous Altcoin newsletters, they usually don’t tend to do well until after Bitcoin has surpassed its ATH. But what about the bottoming point? Quite a few Altcoins are in their bottom ranges and seem to just keep going deeper, where does end?
I’m going to do a deep dive into the charts today to try and answer that very question, as honestly as possible.
As the title of today’s newsletter implies, we’ll also be taking a look at a brand-new model I made for Altcoins. (Much more complex than the one you see here). You won’t want to miss it.
We’ll be taking todays altcoin analysis approach a bit differently, and I’ll be looking at things like the DXY to try and determine the next likely path for our beloved crypto coins.
This as well as a deep dive into BTC.D. Does Bitcoin dominance have what it takes to reach 60%?
As always, we’ll be analyzing altcoins you voted on in our Telegram group.
The Altcoins That Made This Newsletter:
Link
Matic
Near
PLS
SNX
TLM
QNT
NEO
AZERO
CAKE
The Priority Alts Next Newsletter:
WTK
TRIAS
AGIX
SPOH
MAGIC
API3
A reminder, these altcoins will act as if they have 1 vote in our next voting session. Be sure to vote for them again if you want to see them featured!
Before we get started be sure to drop a like on this post if you enjoy it so others know you did! I put as much effort as I possibly can into this work!
Let’s go ahead and dive right in!
This Newsletter Will Cover…
A New Model Analysis - One Altcoin Model to Rule Them All
Ethereum Analysis - How low can it really go?
Altcoin Strength - How are Altcoins still bleeding?
Your Altcoins, Analyzed - Your votes analyzed
What Should You Do? - Have we bought too early?