I've often seen cycles of Bitcoin surging while a sea of red smothers the Altcoins. We've seen that the past week. Then, Bitcoin would take a pause and the Altcoins will surge, almost in unison.
I might be wrong, but Bitcoin might be taking a breather now and so the Altcoins will start rising. This rising starts with a few coins surging past all others (e.g. Bitcoin Cash, Monaco, etc).
Let's see what happens and see if the cycle of Bitcoin to Altcoin cycle shows again.
Just my thought!
will this pattern repeat itself, that's a great question haejin
I think so, and that's why it's called a cycle. It's just not exactly the same way each time.
Looking forward to a Monero spike
Me too! I have much skin in this coin also! Updates coming, meanwhile my entry ladder rungs are filling!
My feelings exactly... we might get a couple sharp pushes to trap some more bulls but Alts are priced right and setup well technically. Thanks for sharing @haejin
agreed. a lot of alts have bottomed afaik, but my analysis could be completely off
The bottoming it pretty evident...This is where people need to adjust their timeframe for when to expect movement. There will be generally a series of pops that go nowhere. Then before you know it price will slowly build in momentum....just as everyone has given up on the impending breakout. Happens all the time and has taken me a long time to work on my patience with these moves. I think your analysis is spot on though.
Yes, and I've seen that cycle several times. It should happen again.
I think XRP is about to pop
the rise of Bitcoin let crash all the alts dramaticly. Hope your word came tru (Xrp above 12000Sat would be a dream).
Regards MO
I dream of MASSIVE profits.
XRP Upaated analysis just posted. Please use only to augment your DD. https://steemit.com/bitcoin/@haejin/ripple-xrp-keep-an-eye-on-xrp-ready-to-explode-up
Booya!
Damn I miss understood what altcoin was I thought you ment all other coins because alt in norwegian means all. my bad doh!
I had so many emotions flowing today.
No worries. Many more opportunities to come. Check out POT and CFI/ETH! I just posted thes blogs.
The altcoin market is currently stable while the Bitcoin is raising up, hopefully all other coins will join the ride!!
Bitcoin has been at a pause for a day since Bitcoin Cash exploded. Currently BTC is down 4.1%