We Are At The Beginning of The Altcoins Depression Stage: Analyst
- According to Crypto Tony, we are at the beginning of the altcoin depression stage.
- At the depression stage, many participants give up on the potential of their investments.
- Depression comes towards the end of the bear market before prices begin to pick up.
According to the foremost cryptocurrency analyst, Crypto Tony, we are at the beginning of the altcoin depression stage. Tony debunked other accounts that said altcoins are posting a reversal and advised users to ignore them.
The depression stage is just beginning. Don’t be fooled by a few accounts saying #Altcoins are reversing now
Unfollow them and learn the realistic analysis. So we have
– $ETH / $BTC : The Altseason chart compares the strength of Ethereum against Bitcoin and currently we… pic.twitter.com/p6TkSGhyc2
— Crypto Tony (@CryptoTony__) September 10, 2023
Tony referred to the Wall Street Cheat Sheet, a famous description of the psychology of the market cycle, in explaining the current market situation. Based on the Cheat Sheet, the depression stage is when many participants tend to give up on the potential of their investments, with the assumption that all is lost. It usually comes towar…
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