I'm Dreaming of a Red Christmas
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For the past 2 years, the holiday season (not exactly Christmas day, but near to it) has offered rock-bottom prices for alts.
This chart shows 5 of the major alts (ones with enough volume and history to chart this far back) against BTC. If history repeats itself, and they come down to meet my green arrow, it should offer an OTE on a wide array of altcoins. However, the yellow, or red fib lines may be all we get due to the increased market activity this year. But the depression caused by most of the market being on holiday, needing money for presents, and simply not paying attention means it should offer good long entries across the board regardless of the surrounding circumstances.
This chart shows 5 of the major alts (ones with enough volume and history to chart this far back) against BTC. If history repeats itself, and they come down to meet my green arrow, it should offer an OTE on a wide array of altcoins. However, the yellow, or red fib lines may be all we get due to the increased market activity this year. But the depression caused by most of the market being on holiday, needing money for presents, and simply not paying attention means it should offer good long entries across the board regardless of the surrounding circumstances.
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Altcoins roasting on an open fire...
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There's a chance we're running ahead of schedule. I'm entering small here and will add if we keep moving up.
Still prepared for another leg down in alt/btc pairs if BTC blows up hard.
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looks like Christmas came early this year :D
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