If there's correlations between Bitcoin and the other alternative coins, the Bitcoin market would be like the Bitcoin chart:
Still in an a-b-c major correction (4) since December 2017 high, there's is more downside potential.
While in the shorter time-frame, there's upside movement for only medium-term buy & HOLD, not HODL, and be careful, this could be just a 'bull trap' for the unwary. https://en.wikipedia.org/wiki/Bull_trap
For future viewers: price of bitcoin at the moment of posting is 7702.00USD
Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?
If there's correlations between Bitcoin and the other alternative coins, the Bitcoin market would be like the Bitcoin chart:
Still in an a-b-c major correction (4) since December 2017 high, there's is more downside potential.
While in the shorter time-frame, there's upside movement for only medium-term buy & HOLD, not HODL, and be careful, this could be just a 'bull trap' for the unwary.
https://en.wikipedia.org/wiki/Bull_trap