Today we will summarize few altcoins and briefly look at various formations and structures these coins are forming. Are they all forming local bottoms?
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.