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).
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 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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