Injecting Some Fun Into A Boring Market (VC's Crypto Update)

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Seeing as things are still moving sideways, and sentiment is low, here's some analysis with a silly spin. Hope you enjoy.

Not financial advice.

-Victor Cobra

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Finally some movement! Unless buyers can take us back up, the long term trend for altcoins is now lost, and the slow growth scenario I've been talking about will continue to play out - unless the market dies out altogether.

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What's interesting though, is that alts are holding the same recent horizontal support level. So perhaps not all hope is lost. We need a bounce very soon though. If we break this horizontal support level, we can head to the bottom of the bearish channel.

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Bears have taken the total cryptocurrency market cap below the long term trend for the first time as well.