I look at the tradingview link and I agree, that most of the dominant altcoins are currently in the situation where their token value crashed hard, as if these altcoins have reached its bottom. Once the bottom is reached, there s no other way for these altcoins but to recover. I think it is a general statement, nothing specific, when an established project or cryptocurrency had already bottomed out, the next step is recovery, thus the possible parabolic trend will occur. The only question would be when.
There is no way for us to define the true bottom of the coins. We only think the bottom is already reached out and the coins are now recovering but it could be another trap again and the real bottom is only yet to come. Even if the coin hasn't reached its bottom, it is still possible for them to recover and sometimes the recovery is much better. For the question if when will the alts go parabolic, I think the time for it to come is near because many people are expecting it already.
Bitcoin is going to be parabolic as well. A flash jump that happened with bitcoin gives more possibility if it will be going up again.
I think they already know this and we also have a separate topic for that on the bitcoin discussions board but for now, we are talking about altcoins here mate.
