Similar to my BTC Bear Market data, here is my alt coin bear market data
The window to accumulate alts, particularly small caps is very small. We are not currently in that period, IMO. I know these are not small caps, but they have enough trading history to provide enough data to be useful. Many of the small caps ran at the same time these coins ran.
Here is a snapshot of my Discord discussion about this:
One key takeaway is on page 3:
The average number of days from the high of the previous pump/bull run/whatever you want to call it to the start of the next bull run is 296 days. Now recent history has more value for me, so let’s say we have the same length of time as the last break between bulls. That would put us at 186 days. The top for many of these was around 1/4/18. 186 days from 1/4/18 is July 9th, 2018.
That would mean the low level bases should start forming a few months before that time. Take the exact date with a grain of salt. The key is to wait for the sideways boring action to start accumulating. The exact time that happens is anyone’s guess.
As I always say, don’t base your trading decisions 100% on this information. Use it to help make your decisions, but it should not be the only source of information to base a trade off of. Gather multiple sources of information and then make a decision based on what you think is the highest probability of happening. Sometimes, nothing is the best plan. After entering a trade, have an exit plan.
Let me know what observations you have seen. Have you seen the same thing or something different? I am always interested in what others are thinking. Sometimes a new perspective can be a good thing.
The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Where quoted, past performance is not indicative of future performance.
SpeculateFreedom.com disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice on this site. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.