Marc De Mesel: Is Crypto Bottom In?
First correction, altcoins bottomed out last bear market, not 1 year later than Bitcoin as I often said, but on average at the same time, so likely will happen again in this bear market!
Looking at current Bear market drawdowns have been sufficient if you look at percentage increase of Bull market, and are now comparable to previous Bear of 2014 and therefore a bottom might be in. However, looking at the Trololo chart bottom will likely be reached once we go to undervaluation of -50%.
Best time to buy from a risk/reward perspective is however not at the bottom but after the period of consolidation and sideways movement when price did go up already but at slower rate than the Trendline and therefore undervaluation becomes higher. This time most likely to see new record undervaluation of -80% at which point I recommend to go Full Retard. Also going over some other indicators from coinmetrics.io Enjoy ?
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