Altcoins - signs of accumulation

in #altcoins6 years ago

I see many signs of accumulation on altcoins. Yesterdays blood might have been the capitulation. Also bullish BTC news came in this morning which gives me a very optimistic outlook.

Here are few examples. Check the #QKC 1h candle with huge volume but the candle has barely moved. Fake walls popping up on alts like QKC and NANO. Probably many others as well.

QKC.pngScreen Shot 2018-08-03 at 09.48.57.png


#NANO many divergences and huge sell volume with low spread candle and a long wick shows absorption.
Nano 3 aug.png

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We can hope. The bear market has been rough for Alts especially.

the recent few days looked like capitulation to be honest. I think we are due for a decent bounce at least. If not the alt season

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