Positive Price Action - Bitcoin Still Consolidating While NEO and EOS Ripped.

The consolidating price action I'm seeing in BTC, LTC, ETH (or the big three as I like to call them) is reassuring to me.

Positive Price Action

Prices don't always need to be going up for it to be positive price action.

The fact that bitcoin held strong after that one day sell off and is bouncing in a range of roughly 8800-9700 isn't necessarily a bad thing. The last move was a higher one, now we are going sideways in a range, which means the sellers are not in control nor were they able to take control on their last attempt.

We shall see who gets the upper hand when we break above or below the range I listed above.

Alts Ascending!

There are several alts that have moved up nice over the past few days, but I touch on EOS and NEO in the video below.

Obviously, EOS has the catalyst of the June 1 launch, so people are probably moving their coins to wallets in order to get their tokens registered. How high does that push things though? We always must be prudent with our purchases.

More on that in the video.....

Need to learn the basics about bitcoin, the blockchain and wallets?

Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is

---

Best Regards,

Disclaimer: All info in this post is my opinion and for educational use.