You are viewing a single comment's thread from:
RE: Bitcoin Dominance At 2018's High / Bitcoin Ending The Week At Highs
It's the same story as always. When Bitcoin start to be bullish everybody dumps alts and stampede into BTC.
Beautiful morning star pattern have formed with doji like middle candle, in my opinion a good promise for uptrend move.
Certainly looks great for some bullish action.
Hope we will go straight up, but if some corrective downs occur I take that either.
Yeah, I keep wondering what will happen if BTC dips again at 6000$. A lot of altcoins are still at the lows, so if btc dips again are they going to dip another 50% or hold their ground. Very interesting stuff indeed.
I think that so bad it will not be. Some correction (61.8%) to $8000 and then up to $12300 if you start measuring from the lowest dip at $5900 in the worst case.
If you measure from $9300 the 61.8% correction sit at $10k psychologically quite strong support which is more likely to happen.
Volume if falling and steam runs out. Basically I decide to close may positions somewhere around $11000 and wait for some more reliable signals, but if price bounce from $11k, I'm staying in trade.
Alts will go down with BTC proportionally.
I am currently in a little short ETH position from ~ 890$. Very interested to see if today the 850$ support holds once again. As for BTC I think we might see a test of the 8-day at 11,063$. Thanks for commenting
Btc is already bellow your target at the moment! and you doing well with ETH at the moment!
Congratulations!
I currently sit on cash. I trade in BitShares and can short stuff there! Waiting for some good buy setups.