Keep an eye on altcoins. Yes they are following bitcoin.

lets-steemit (42)in #mgsc • 6 years ago (edited)

Hello Everyone,

Hope you are doing well. Today I am writing this blog for altcoins and bitcoin price movement. Today is start of the 3rd quarter, 1st July 2018, and the market seems stable at the moment. First two quarters are quite or rather more bearish than bullish. People are frustrated with the question "When bull run/When moon". They are still optimistic that bitcoin and other coins will get into bull run and everyone will get fare amount profit. Everyone expected that market will boom in June 2018 but that didn't happen. Whole market is being manipulated by whales and bitcoin is unable to cross critical resistances most of the time. Hope this situation will change in this quarter and we will get to see what we call it as bull run.

I was just going through the coin market cap and found that how altcoin graph is matching exactly with the bitcoin. See below

If you see the price graph column, you can clearly see that all the graphs are exactly similar in the lat 7 days. Altcoins are following bitcoin. So you should always keep an eye on bitcoin price and predict the altcoin price movement. This is not the first time we see the following. If you see the graph when the market was on boom in Dec 2017, you will also see that altcoins were following the bitcoins. People who already knew this concept took profits on time, but new investors got trapped and still they are suffering as the market is not jumping to their buying price.

Do you think, altcoins are follwing bitcoin. Please let me know your views.
Hope you like this article. If so please do follow me on steemit, upvote the article and comment down below.

Best Regards,
@lets-steemit

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