In this video I lay out several reasons why now could be the time for altcoins. Q4 of 2019 + Q1 2020 are the quarters to look at for altcoins.
– First reason is that the Bitcoin dominance is at the 61.8% fibonacci level.
– Second reason is that altcoins are probably in the depression phase, that would mean we are at or close to the bottom for altcoins and a rally will follow shortly after.
– The third reason is that altcoin market cap looks ready to break out of a descending wedge which it has been forming for over 2 months.
– The 4th reason is that historically a Bitcoin rally is followed by a period of sideways movement for Bitcoin and after a few months of sideways movement, it’s altseason while BTC continues to move sideways. It has been like that previous cycles so it’s likely to be somewhat similar this time too.
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