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RE: BITCOIN – Weekly Wrap-up and Long-Term Overview: April 22, 2018
Most understandable charts that I've seen. Very organised and clear. I appreciate your knowledge. Thank you.
Most understandable charts that I've seen. Very organised and clear. I appreciate your knowledge. Thank you.
I appreciate that Kevin, thank you!
Since you think Botcoin will be in a bear market later this year. So you have a plan to transition to another crypto asset that is going up? If so, what are coin(s) are thinking about?
It's certainly possible, however, it may also be such that minor wave 3 or minor wave 5 "extend," which would, in turn, extend a prospective bullish run. Bitcoin has been in a bear market for much of this year and is trying at present to reverse back to a bullish posture. As such, it also remains a possibility that the recent bear market may resume this year and extend into next.
I am not well versed on the myriad of alt coins available, however, in general thus far, it appears that bitcoin generally leads the way for many of them. As such, it would be like asking what stocks should I buy that would go up should the broad stock market crash or move into a prolonged bear market... Sure, a hand full of stocks my go generally unscathed and some may even advance within a widespread bear market, however, it is nearly impossible to select which stocks will perform that way under those conditions. I suspect the same would hold true for which coins may buck the larger trends created by the runs in bitcoin.
I hope that helps... Thanks for the question!