Major alts in a big downtrend, daily charts

15 Okt 2019

While BTC is holding steady there is a common theme in the major alts. These downward wedges are in place and dont appear ready to break out anytime soon. The wedges appear to lead back down the all time lows as I have indicated with the red horizontal line on each chart. The 100/200MA death cross on the daily charts are plain with BTC death cross incoming if it doesnt turn back up soon. Are you ready for LTC at $23 again? EOS at $1.50? This is not a prediction but a possibility if these wedges play out. I am staying out of mid-term trades on alts until the wedges are resolved. Any thoughts please comment!