After looking at a lot of Alt-Coin patterns over time, it seems they are all in expanded corrections.
This is why I believe a lot of them will outperform Bitcoin over time percentage wise once they are actually in a proper bull-market.
I have also looked a various BTC cross pairs which backs up this idea and I will post more about that in the future.
I believe these expanded Alt-Coin corrections have been driven mainly by hype and will be fully retraced.
Once these corrections complete, I believe this will be the time to buy which I believe will be in approximately 12-18 months.
Although expanded corrections are not always fully retraced, it seems that the current financial climate and crypto contagions will lead to this outcome.
I think another factor is that it is still a new technology, it is still creating a base for future price action which will likely be many orders of magnitude higher than what we see today.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
This is why I believe a lot of them will outperform Bitcoin over time percentage wise once they are actually in a proper bull-market.
I have also looked a various BTC cross pairs which backs up this idea and I will post more about that in the future.
I believe these expanded Alt-Coin corrections have been driven mainly by hype and will be fully retraced.
Once these corrections complete, I believe this will be the time to buy which I believe will be in approximately 12-18 months.
Although expanded corrections are not always fully retraced, it seems that the current financial climate and crypto contagions will lead to this outcome.
I think another factor is that it is still a new technology, it is still creating a base for future price action which will likely be many orders of magnitude higher than what we see today.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
