A simple and proven method for pumping alts

13 July 2019, Saturday, 03:26 - Edward Xilay
A simple and proven method for pumping alts

The statistics 2014 shows that there were only three comparable lows in history, all of which occurred in the same year. Strangely enough, after such indicators, the trend reverses in a few months. Buying tokens now is rational than during the growth

There is an old indicator that I have been paying attention to for several years now. It was related to when to buy altcoins - Bull Market Percentage. The more alts from the whole market are at the pumping stage, the stronger the indicator grows in percentage. And vice versa, the indicator falls along with the fall of the bulk of coins. It is important that the calculation is done in BTC, not in dollars. Today the indicator has fallen to the absolute minimum - 1%. The statistics have been going on since 2014, and there were only three comparable lows in history, all of which occurred in the same year of 2014.

I'll tell you from personal experience that after such low marks the trend reverses in a few months. This does not mean that the altcoins have reached an absolute bottom. But we can say for sure that buying them now is much more rational than during the growth of the indicator to the level of 50-70%.



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