Bitcoin Update 29th May 2018
As expected, BTC is losing USD value while its dominance is going slightly up. Altcoins take a beating as investors sell their positions into BTC and convert into FIAT.
The fifth, and preferably the last, wave of correction before a bigger bulls run is still anticipated. Buy orders are being placed in the range of 6950-6700k. There is a possibility of the market going even lower, but for now, 6700k should hold its support.
If the Bitcoin dominance exceeds 40-41%, and its price tanks below 6900, It should be a great time to fill your bags with cheap alts.
The market makers know all of our narratives and expectations - they have recently turned that against the Average Joe (remember Consensus?). The game is always the same - shake out the weak hands to accumulate cheap in preparation of a bulls run.
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Can't believe how many people jump on the wagon.
Remember December and January? Those were the times, bro! :)
Yeah. Wish I would have had more to invest. I only put in $50 last June. Still not bad tho.