Biocoin News!
Crypto analysts are predicting that last events are harbingers of the bull’s market for altcoins.
Some extracts from the article:
How to prepare for the bull’s market of altcoins?
A crypto analyst and developer of tools Python Quant for crypto traders known as Crypto Quantic Ph.D. has spoken about an upcoming bull’s market for altcoins and suggested few practical recommendations for the investors.
“ So, you bought some altcoins hoping to get on the wave and receive five, ten or even hundred times more than what you invested. If you did that, do not worry, you are not alone in this. The so called “season of altcoins” is coming back witnessed by mane posts on the social networks.
Problem #1 too many people have been waiting for the return of altcoins.
Remember, the more people make forecasts for one or another event, the lesser the probability that this event will ever happen.
Problem #2 market cycle rules everything
Market cycle could be described as an impulse wave movement where each rise is followed by a fall.
Problem#3 Low liquidity adds fuel to the fire
An asset is considered to be liquid if you can buy or sell it without influencing the price. One of the ways to evaluate asset liquidity is to check the number of sellers and buyers.
If I as an investor take my 1000 USD from altcoins to invest into bitcoins. In most cases the price of altcoins will drop by a lot, where it the price of bitcoin will not grow by much. Now multiply this by million investors and you will understand how a small turbulence in the bitcoin market can cause a major chaos in the altcoins market.
In my hunt for a promising altcoin I rely on indicators such as:
-one of the altcoins should take the lead and show what it is worth ( Did it happen with Bitcoin Cash?)
-long term tendency to decline should stabilize and altcoins should start being traded in a short range ( classic Bollinger’s Stripes)...”
https://decenter.org/p/32-how-to-prepare-for-the-altcoin-bull-market-rus