Has the game fundamentally changed?
Greetings great #Steemian people of the world!
I've been in the markets, analyzing and I've witness a few major pull backs with BTC -
December 2016
June 2016--- "longest bearish stretch"
January 2017
March 2017
May and June 2017
August and September 2017
November 2017
December 2017 up to now
The patterns I saw similar each time,
- An accumulation stage for BTC -- the bull start coming while altcoins stay quiet.
- A massive bull run with BTC that would last days and weeks, about halfway through the newbes would discover altcoins would then start creeping up
- A major BTC bearish reversal entering into a distribution stage and then a major increase in altcoins market cap
- Then Back the beginning of the cycle as altcoins loose some steam, BTC would then begin to get some traction towards another all-time high.
Except for the last BTC correction-- the pattern is similar,, but the main differences are (the near 1 trillion dollar market cap, the birth of Bitcoin Cash attempting to overthrow BTC through the ignorance of new comers, Ripple because of connection with banks which is in itself a fallacy, the major major whales in the market push prices where they want, BTC dominance being (right now) at an all time low. (check screenshot at the end)
So the question is --
Do you believe BTC will again reach new all-time highs??
I do-- just my opinion- not financial advise,,
Thank you for reading and please up-vote and follow
Leave Has the game fundamentally changed? to:
Read more #trading posts
Best Posts From Mr.Frankyboy34
We have not curated any of frankyboy34's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Mr.Frankyboy34
- The end of the Bears!! BITCOIN COMES BACK TOMORROW
- Has the game fundamentally changed?
- Learning to trade- The adventures of a crypto-trader/hodler -Psychology 'my journal history' part 3
- What's your bitconnect strategy
- Crypto Talk with Mr.frankboy34-02
- Crypto Talk with Mr.Frankyboy34
- .214 has been touched -the correction(the end)- technical analysis part 6
- .618 has been touched -the correction- technical analysis part 5
- Trading Bitcoin-the correction- technical analysis part 4
- Trading Bitcoin-the correction- technical analysis part 3