[UpVoteInvest Project] No need to panic, ladies and gentlemen!

Project @upvoteinvest on Steemit is designed for everyone who would like to become an investor without actually investing much! All the author rewards for our posts are used as a deposit for trading on crypto stock markets. Thus, generating more profit. All you need to do is to upvote. Every three months we pay back 50% of the income in Steem tokens to our subscribers who contributed to the project by upvoting our posts, according to their contributions.

Hello Steemians,

The first time we’ve heard about the Bitcoin inevitable death was exactly four years ago, in January 2014, right after a major dump and Mt.Gox collapse.
The media was calling BTC a scheme, pyramide, bubble, and so on. As you can see, the predictions of its soon death were way premature. The situation and media coverage today look very similar. But if you were to ask our opinion, we think the fuss is purposely initiated by the people interested in a temporary dump in order to stock up. According to our favorite graphic analysis Grandpa Bitcoin still looks pretty healthy!

The BTC price is simply leveling out after an exuberant runup. But it rightfully remains within a triangle formed by the resistance line X and support line 1. Moreover, since we are looking at a three day chart, it would be fair to consider the other two support lines - 2 and 3, each of them stronger than the former. Even if the BTC drops below the lowest support line 3, the average trend will still remain ascending.Which means the BTC will continue its growth for a while.

With that in mind, it wouldn't hurt to have a glance at the main altcoins. There is an interesting detail here. We recommend checking the LSK chart before evaluating the situation with LTC. It has demonstrated tremendous growth recently.

We think that Litecoin might be ready to follow this success. There are no obvious obstacles that can prevent it from doing so.

Besides, let’s not forget that Lite is present at pretty much every single exchange and isn’t a cheap coin. So, in case of its growth the switch from BTC to LTC can be implemented easily.

The same appeals to the notorious BCC aka Cash.

Meanwhile there is a figure on a daily chart that deserves some attention. Look at the resistance line 1. BCC price should max at about 0.35 which means 100% growth. How soon will this happen? Who knows! It has to drop below line 2 first. But we sense some signs of the next buying frenzy.

It’s very likely all the altcoins will shift in the red zone for this short period of time.
The fact that ETH has been crawling up slowly but steadily supports this thesis.

All the above suggests that we might have have stepped into a very favorable phase for altcoins. Perhaps, BTC will slowly head down in the nearest future with short spikes here and there. But the majority of the investors will start shifting from Bitcoin to altcoins, and we might witness some significant trading volumes here.

We wish you profitable trading!

The @upvoteinvest team

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A formal disclaimer

Some of the posts might contain our opinion on trading strategies based on our technical and fundamental knowledge. However, please, invest at your own risk. We can’t be held responsible for any losses.