Today we will summarize few altcoins and briefly look at various formations and structures these coins are forming. Are they all forming local bottoms?
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Today’s analysis will be looking at capitalisation of altcoins. We will not be looking directly at any of them, but rather have a whole picture of the situation.
After the Wednesday’s Fed remarks, Bitcoin rose quite nicely, but yesterday was a bad wake up call for many, as it created a new low. What does that mean?
Today we will be looking at the overall altcoin market. Thus, this analysis will not provide a single altcoin analysis, but will look at the overall altcoin capitalisation.
Today´s analysis will be more of a general market outlook, since Bitcoin has been relatively neutral on its daily chart. A stronger movement by altcoins would also help Bitcoin, since as of now, I think they are in much better shape as the biggest cryptocurrency.