Quote from: Herbert2020 on October 05, 2019, 08:07:55 AM

Quote from: illyiller on October 05, 2019, 06:31:02 AM

I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.

Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?

after about 1.5 years of dumping some of the altcoins are having some reversals but it doesn't mean they are rising and it has no indication about the strength of them. they are at this point purely dead cat bounces. for example in case of XRP we saw that when bitcoin was deadly stable above $10k it had a little pump which was crushed under the dumping load and the price crashed down again and then crashed again when bitcoin price went below $10k.

It's not a fully reversal, if we look at the dominance rate of BTC, we can say that as it nothing happens with the entire altcoins market.
We might see some which recovers, especially the BNB coin but in overall total, coins that have recover a bit are just a small percentage of the total number of legit altcoins in the market.

The rally that we like to see does not happen yet, so we might have to wait a little longer before we will finally witness it.