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RE: LoopRing (LRC/BTC) Could Rise Out of the Triangle

in #bitcoin7 years ago (edited)

you are without a doubt one of the best and I greatly appreciate your dedication and your extraordinary capacity for analysis.
but to be honest I do not understand the sense of doing analysis on altcoin in a phase of non-completed retraction of btc. with rare exceptions, the btc is too much a market light to think that altcoins do not follow it.
maybe only etherum on the short can resist. I honestly do not see a bullish phase for alt coin. it's not a criticism it's just my personal thought

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These are the /BTC pairs and they tend to rise when BTC declines. The /USD pairs decline in concert with BTC. Of course, if there is a swoosh down on BTC, even the /BTC pairs will decline. But a steady BTC decline often allow /BTC pairs to rise.

ok now it's clear to me thank you👌✌️