Double bottoms.....galore......
These are just the first 4 charts I was analyzing . Noting how the patterns , and most of the price action is pretty much the exact same .
This goes for most alt coins- Specifically ones that are Leveraged or Margined .
I've always found it very fascinating the deep rooted correlation between X specific alt-coins . They run almost in Harmony.
This, of course, has a lot to do with the automation of trading bots , algos, and whatever else is out there.
When everything dumps all at once I call it the BIG RED BUTTON. Because, every single Margined coin , that's on Kucoin at least, goes down with a beautiful Synchronicity.
This goes for most alt coins- Specifically ones that are Leveraged or Margined .
I've always found it very fascinating the deep rooted correlation between X specific alt-coins . They run almost in Harmony.
This, of course, has a lot to do with the automation of trading bots , algos, and whatever else is out there.
When everything dumps all at once I call it the BIG RED BUTTON. Because, every single Margined coin , that's on Kucoin at least, goes down with a beautiful Synchronicity.
Note
These are all DOUBLE BOTTOMS--- If that wasn't clear!! lol- Reversal Pattern.
on Many charts. I see a breakout coming.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.