Gears switched up. Tradebot starts pumping the market again.steemCreated with Sketch.

in #crypto-news7 years ago

Looks like this is the end of the selloff stage for all the cryptos. Bitcoin will continue to soar upwards from here, and you will start seeing massive fluctuations in the Altcoins for the next few days, while Bitcoin gets re-pumped to US$20,000 at the expense of the Altcoin market.

The price movement will be sharp, with very minor corrections, but Bitcoin will be king at least for the next few days while the Altcoins topple one by one (or about 25 simultaneously to be more accurate). Newly created cryptos are good targets for the tradebot to pump and dump, so don't cozy up to a new token that's already had 50%+ gains.

CME futures are going to do little to influence the price of Bitcoin, and I wouldn't recommend anyone attempt to short Bitcoin unless you own a mining pool.

Disclaimer: none of the above is financial or investment advise. Do your own research and make your own conclusions.

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