​​Bitcoin is $7500! Dangerous situation!

in #crypto6 years ago

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What is going on the cryptomarket? Alts didn't follow the latest growth. Normally, when BTC price increases let's say for 10%, alts follow it and grow for 20%, but these time they didn't even grow for the same amount. It is very strange for the market.

Due to it I think that we will see stong moves of the prices and, honestly, it seems to be the move down.

There was no pump at the time of the price when BTC price grew and, probably, when BTC fall alts will go to bottom, where whales will buy them at very comfortable prices.

A lot of Bitcoins has been bought since April (I wrote about it recently). BTC dominance is growing fast and already more than 45%. Obviously, someone gains its positions in it. It is also a sign that the market may go down.

I've sold part of recently pumped alts like: XLM, ADA, SALT. Regarding SALT, I don't see any chance for a strong growth, it was just a pump. I may see that, using cumulative delata. It showed that at the time of the increase it was 10 times more BTC sold then bought. When I saw that, I sold all in a moment. If price will come back to the $7800 - I'll continue to sell alts.

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Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
ADACardano0.164$-6.42%20.52%
BTCBitcoin7362.470$-1.45%17.75%
SALTSALT1.139$-7.34%12.26%
XLMStellar0.281$-1.84%39.74%

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