Bitcoin Cash: Hairpin Explosion Upwards!
Hairpins usually explode this this!
One trend I've now noticed several times and just now is that Bitcoin surges and Altcoins temporarily decline only to surge themselves later. Not sure what causes this but perhaps Altcoins go down during the initial Bitcoin surge because money is temporarily leaving Altcoins to buy more Bitcoins. Once the Bitcoin surge is done, profits are taken and brought back into Altcoins. Just my thoughts.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
Thanks for sharing
i have also noticed this and I came to the same conclusion about flows into and out of alt coins!
Good stuff, thanks for pointing this out!
On coinmarketcap.com we see that when the dominance of the btc falls, altcoins increases
Thanks for confirm.
Not sure what to make of this, would you say this is a confirmation of bullish behaviour ?
polo released their bcc to their costomers today. would this negatively effect the price with the new bcc added into the market???
It looks like every hairpin is smaller than the previous one. So volume is decreasing. People are definitely loosing attention after initial buzz. Additionally Bitcoin is drawing in all the money. I think Bitcoin Cash will be getting slower till Bitcoin crashes and nobody knows when it happens.
EDIT: Second possibility: https://ibb.co/dXYMuv