Altcoins Analysis for May
In my last record, I assumed that BTC go down from 1850-1890, since it was incredibly overbought and all the hamsters that fled from the altcoins were sitting in it. And now happened what I wait , BTC is quietly falling, closing the margins calls with long positions and planting those who have gone too high, such a slow sinking, gives altcoins space and time for growth. Last week, the EXP shot before the news of the new partners and the new dApp, which they began to do together with a large company Gameboard. STEEM also starts to grow, as far as I understand because of the upcoming EOS or because it can), ,maybe later BTS will grow, because they also have an attitude to EOS which will be on 22-24 May in New York and show us some pre-announcement. I think LSK must grow when they release 1.0.0 version like Dcr release 2 weeks ago.
If we look at all alts, we can see that they cannot grow together 2 days the market begins to recover after the rapid growth that he experienced, or it's just a breather before the new step, it's not clear yet. After Ddos attack on polo during several days and after BTC go down, the volumes are gone from polo, only on XRP they remain less than before.
BTC need correction, if he wanna grows on 2500$ or higher, he needs to sufficiently cool all the indicators and possibly touch the main trend line which is much lower than the current price, all this will take him more than 2-3 weeks, so #altshareback has at least 2 weeks left.
That's all for now.