Cryptocurrency analyst Benjamin Cowen warns that altcoins can collapse in their bitcoin (BTC) pairs at any time now.
In a new strategy session, Cowen tells His 900,000 YouTube subscribers that the total 3 -graph, which follows the market capitalization of all digital assets, excluding Bitcoin, Ethereum (ETH) and Stablecoins, remains in a downward trend against the flagship Crypto Asset and still have a market base.
‘I don’t care how great you think you are Altcoin community. I don’t care if your developers you are following are not yet robust. Altcoins are in my opinion at his best Oscillators against Bitcoin, and many of those who are just a bitcoin. [at 0.25]. I think it’s just a matter of time. “
A movement in the direction of the support area that Cowen emphasizes would indicate that Altcoins are considerably lagging Bitcoin.
Cowen also points out that Altcoins are in a multi -year -old trend against Bitcoin without signs of quickly reversing the trend.
“I don’t know exactly when Alt/Bitcoin pairs will go to the lows. I can’t tell you that, but what I can say is what your witness is, is actually the slow conversion of people holding alts and then they just convert them to Bitcoin …
The graph tells you what happens. Alts has submitted a new low point against Bitcoin [on June 1st]. So every earlier altea season that was asked, every earlier call for a low by alt/bitcoin pairs until today was wrong. “
Total3/BTC is currently floating at 0.33.
https://www.youtube.com/watch?v=ZVJ1LK_O6B8
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