TonyTheBullSeverino

Altcoins: A Harsh Reality

If all of this is really going to fall off a cliff, even altcoins aren't likely to perform. And this could be why and is more likely why

Everyone sees alts as being in a bear market all this time

They weren't

The waves 1 and 3 were SOOOOO strong gains wise in alts. wave 5 truncated

This is why often when wave 3 extends, wave 1 and 5 match in percentage

That's also why in a diagonal, you can get a blow off top. Wave 3 in a diagonal doesn't have to be the longest and strongest

Wave 1 and 5 usually are

When its 5, if can be a blow off as 5 overshoots the trend line of 3 and 5

Any wave can extend

If this is the pattern, it means alts were in a secular bull market still, but because waves 1 and 3 did so well, wave 5 was too filled with sellers

This usually happens when the conditions turn majorly bearish. The riskiest assets fail first.

That's why alts did this. Then Bitcoin went into a bear market before stocks.

Now other things are following. Everything soon will be.

And if i