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How are these #Altcoins going to bottom out? We will either see a V shaped reversal OR accumulation- $ALTS have seen both over the years. Note: I'm not talking about these alts hitting ATH lvls, just creating lower highs and temporary relief.
Note: this short thread is mainly talking about ALT/BTC values. I expect ALT/USD values to remain relatively stable for the most part but $ALTS shouldn't outpace $BTC in the short term IMO.
V Shaped bottom notes for #Altcoins and what to look for: https://twitter.com/AltcoinSherpa/status/1219696828041646081
Accumulation is a bit less obvious until you start looking at high time frame charts. $ADA had a good example of it in 2019. Kind of seeing this rn for $LINK too (arguably).
How do you trade these? It depends on your style. If you are a scalper, you'll probably want to wait for the true breakout before entering (and just playing the range until that time if accumulation).
If you're swing trading, I would just dollar cost average in for accumulation. For the V shaped bottom, you have no idea where these coins could rebound- you need to be more observant of the $BTC price action for finding a full reversal.
V shaped bottoms are usually marked with capitulation and total destruction/despair from holders. Look for high sell volume and large spikes down. This likely won't happen until $BTC has ran to 16k+.
