tempusfire

XBC - the cycle marker?

POLONIEX:XBCBTC   BitcoinPlus / Bitcoin
I've noticed something pretty interesting with XBC             - might just be a fluke, and is a little wavery, but hear me out

we can see in the above chart, XBC             has only pumped 2 times in this insane alt run up in the last 3 months. This is pretty strange.

Now, if you've been crying and tearing your hair out and staring at the charts hoping btc             stops crashing, then you would've noticed this gem

up +100% WHILE bitcoin             crashes. Didn't do it for the may crash, but did it for this one.

and I think this dip was pretty different from the may dip - personally, this one was a LOT scarier than the first. Unbelievable fear was all over the place, even for the experienced traders that've been around for a while. I see people who are certainly better traders than me cashing out parts of their stack. I didn't feel the same fear as I did in may. This one was extremely intense. However, we didn't even crash as hard as the may crash. What gives?

Well, it was due to the increasing frequency of mini crashes since the may crash, and this apparent head and shoulders pattern that has been spreading all over the place. June was pretty bad for me personally as I was holding cripple, and wondering what the hell was going on, where is the expected moon after I bought this major 'dip'.

Now, I think we were just coming to the end of a market cycle. And I think XBC             marks the start of a new cycle.

We can see the first time XBC             pumped was in march - ridiculous pump, even for crypto. This is also around the time when the alts really started pumping.

Now, after a consolidation period and a bit of a slow few weeks for some major coins (in part due to BTC             crashing every other second), we had XBC             pump again!

And guess what else happened? Cripple. Or rather, $XRP DIDN'T happen. Everyone and their mothers waiting for XRP to moon and smash a new ATH             after a major dip, and XRP just flops every time. However, overall, in the last month, XRP has been overall very flat. In hindsight, this is a clear accumulation period (and elliot wave correction period - see here for my XRP chart https://www.tradingview.com/chart/XRPBTC/TwvFc1zO-XRP-elliot-wave-projection/) .

It isn't just XBC             either. $Doge is also a marker, I believe, for a new cycle. The recent flash crashes it has undergone happened near the start of the previous round of alt pumps as well.

Just an interesting tidbit I thought I would point out.

Very limited data, but something to look out for in the future if you're feeling despair and pain after bitcoin             crashes from 10k to 7k.
Scaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaam Coin
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