In alts, we are using a Jesse Livermore construct that is used by one of the bigger Twitter trading personalities. In English, we’re searching for a completed 10-part move indicating a parabolic move to the downside has ended. We call it reverse-Livermore.

Looking at Cardano (ADAM19) on BitMEX a bottom seems to be in and a new uptrend is starting (Figure 1).

 Figure 1

Alts involved in tokenizing assets may also be bottoming. Raven (RVN) is shown in Figure 2. Tron (TRON) in Figure 3 and Polymath in Figure 4.

Figure 2

 Figure 3  Figure 4

Wanchain (WAN) and Tezos (XTZ) also may be bottoming (Figure 5 & 6).

 Figure 5  Figure 6

Bottom Line: If alts are ever going to bottom, it should be coming soon. They’re so low right now they’re worth a look.

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