Quick Altcoin update:
The Altcoin market is still in a compression phase, broadly speaking the market is range bound between 37 Billion and 117 Billion, this echos the prior period of consolidation prior to the 2016 bull market.
As you can see there is also clear compression present in the Keltner/ Bollinger setup.
Consolidation pattern prior to 2016 bull market
Current consolidation pattern
Furthermore the RSI reading is consistent with the consolidation thesis, barring a sudden drop outside of the trading range.
Despite the recent selloff (and subsequent bounce) I remain bullish on the altcoin market and believe that higher prices for the broader market are just a matter of time and project development.
-TradingEdge
The Altcoin market is still in a compression phase, broadly speaking the market is range bound between 37 Billion and 117 Billion, this echos the prior period of consolidation prior to the 2016 bull market.
As you can see there is also clear compression present in the Keltner/ Bollinger setup.
Consolidation pattern prior to 2016 bull market
Current consolidation pattern
Furthermore the RSI reading is consistent with the consolidation thesis, barring a sudden drop outside of the trading range.
Despite the recent selloff (and subsequent bounce) I remain bullish on the altcoin market and believe that higher prices for the broader market are just a matter of time and project development.
-TradingEdge
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.