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?We must surely be seeing different charts. While Bitcoin has lost 20% from weeks staying at 10k or thereabouts, I have seen my litecoin slip from 77 to 55. Ether from 220 to 175.
compare BTC/USD to ETH/USD for the period of september 6 through today. the BTC price has dropped 26%. the ETH price stayed flat at $175. the difference is very noticeable on the ETH/BTC chart.
under really bearish conditions (like the 2018 bear market) we saw the opposite---alts fell much harder than BTC. so something else is probably happening.