Just as an experiment and documenting my journey on crypto depending on the topic I have decided to make some port ahead in time, not exactly to predict the future but to understand what may happen based on past performance.

Feb 16/2020

The altcoin market has been on a Bear Market ever since the blow off top of Bitcoin 20k back on January 2018, as many other crypto bear markets it has been a bit over 2 years and the market still can not get to new all time high and it seems that the altcoin market once again is on the trajectory to a massive dump.

Since the entire market is driven by Bitcoin Traders Sentiment being the crypto token with the most market cap and volume, this chart is very similar to Bitcoin's chart and that's obvious, on every pump the entire market trend to drops hard anywhere from range of 53% to even 78%, this are not exact numbers but is still very close and as we can see we still find resistance at the 308B

When I have success trading its because I follow the pattern that have work for me for some short time, not many indicators but do pay attention to what had happen in the past and as we can see RSI is extremely overbought and its time for a possible short pullback, currently Im all on FIAT have no crypto except my long term Bitcoin position and STEEM.

But not everything looks bearish, if Bitcoin can hold over $9600 I think there is still a possibility every probably on the top 100 can keep moving to new highs just as they did for the past month.

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