Buy BTC or Altcoins when the market starts recovering?
Observe the above 10D chart.
1) Four whole red candles printed outside the lower bollinger band. Never has that once happened in this chart. Remember, the majority of times candles print inside the bands and when they do outside, they sharply correct.
2) Counting wicks, the index has corrected almost 45% from its recent top and is currently testing a previous top (marked by the yellow line).
3) Most altcoins have depreciated 80-90% from their previous market tops.
4) The corresponding 10D BTC.D chart satisfies the exact opposite points (RSI is high, price above upper bollinger band). Also it prints a pattern close to a triple top)
On the 5D chart below, we can see that RSI hasn't been this low since 2016, when a 800% move followed.
In my humble and non-professional, non-investment-advice opinion, altcoins will bounce harder than BTC soon when the crypto markets starts rallying again.
1) Four whole red candles printed outside the lower bollinger band. Never has that once happened in this chart. Remember, the majority of times candles print inside the bands and when they do outside, they sharply correct.
2) Counting wicks, the index has corrected almost 45% from its recent top and is currently testing a previous top (marked by the yellow line).
3) Most altcoins have depreciated 80-90% from their previous market tops.
4) The corresponding 10D BTC.D chart satisfies the exact opposite points (RSI is high, price above upper bollinger band). Also it prints a pattern close to a triple top)
On the 5D chart below, we can see that RSI hasn't been this low since 2016, when a 800% move followed.
In my humble and non-professional, non-investment-advice opinion, altcoins will bounce harder than BTC soon when the crypto markets starts rallying again.