Cryptocurrency Breakout is Leaving Bitcoin Behind
Getting a decent little breakout in crypto on a whole over the past few day, the big glaring non-participant is bitcoin though.
Alt Coins Making Gains
Ethereum has reached the prior top identified in one of my past videos. Litecoin broke out and is making a run at the 200 day moving average.
In the meantime, bitcoin is still in this tight little range this week. It is pushing up against 8,400 to potentially breakout to the upside, which would lead to an upside target of 9k. Let's see if it can get it butt in gear.
We could see a pullback in crypto though to digest some of the gains this week.
More detail in the video below...
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Best Regards,
Disclaimer: All info in this post is my opinion and for educational us
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Best Regards,
Disclaimer: All info in this post is my opinion and for educational us
I expect when BTC breaks out money will flow back from alts to Bitcoin. The next run will be based on fundamentals like Lightning Network, Wallstreet entering and instability in the world. These are cases for BTC and not for alts.
oh awesome... enjoy cryptocurency lovers.
My opinion bitcoin will stay but different coins will top, honestly the large slope down was big, opportunity
Yeah, we had a good buying opportunity. I did not get as much as I would have liked too.
Me. .niether at that time i was really experimenting
Cool staf
Very nice information keep it on!!!
Poor bitcoin, maybe futures market has something to do with it.
I honestly think some people are scared of bitcoin at this point. I think some investors bought in at around or above the current price level. They got burned in the selloff.
I can really see this being true with the latecomer money. The people afraid of missing out, back in late 2017.
It becomes a chicken and egg thing. The investors want to see it go up before they recommit. But it won't go up until they invest.
People are learning that diversification and bigger gains can be made than only being a bitcoin maximalist :)
This is great news for the cryptospace. it means we are building a stronger foundation to the whole scene.