Right now I'm looking at all these Alts and wondering if the bubble has popped. I was looking back on EOS and while studying its chart vs BTC not dollars was struck by how much it looks like it's in a long term bottom in terms of satoshis.
It seems for this cycle most followed these generalisations:
- bottom for BTC, alts and stock crash in March 2020
- a secondary or more recent bottom for alts was Jan 2021, around the time Elon set it off
EOS seems to be one of the few big dogs from last cycle that has not compared favourably when price in BTC compared to all the other alts. Another interesting point is it was one of the few that had a big spike after last cycle popped, before grinding down again with most alts.
Have a look at the daily chart and the divergence is quite clean.
s3.tradingview.com/s...shots/k/kN0XkHlY.png
Big volume spike too.
s3.tradingview.com/s...shots/i/iy7HmnYI.png
It seems for this cycle most followed these generalisations:
- bottom for BTC, alts and stock crash in March 2020
- a secondary or more recent bottom for alts was Jan 2021, around the time Elon set it off
EOS seems to be one of the few big dogs from last cycle that has not compared favourably when price in BTC compared to all the other alts. Another interesting point is it was one of the few that had a big spike after last cycle popped, before grinding down again with most alts.
Have a look at the daily chart and the divergence is quite clean.
s3.tradingview.com/s...shots/k/kN0XkHlY.png
Big volume spike too.
s3.tradingview.com/s...shots/i/iy7HmnYI.png