Bitcoin Market: Bull!
Hi traders, looks like the market might have reversed.
Here's why.
Bitcoin.
- Price broke out of that downwards bullish channel thanks to a monster of a short squeeze...
- We're now back into more bullish territories although I wouldn't be surprised to see Bitcoin first come down to retest the $7700 area for support:
- If we successfully establish a floor there, it's likely the market will slowly start ramping its way up to $11k where I have my final sell targets ready.
Altcoins.
- Due to BTC ramping up again, a few mid-cap altcoins have started going nuts (GNT)
- This tells me altcoin season could be just around the corner, provided Bitcoin continues going up or consolidates.
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I think lots of us are still holding off to see what happens. bitcoin is still less than half price from the top so ill just wait a bit longer :D
don't wait for too long @shifty0g ;)
Wow did not know about golem. That's a huge spike!
Actually, they've just launched their platform, hence the spike :)
https://www.coindesk.com/golem-arrives-one-ethereums-ambitious-apps-finally-live/
More Attention More Gain
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You could be right about BTC reversal, but it's certainly alt season now to accumulate more BTC to ride the next wave
Alt season is my favorite, I am getting March 2017 vibes, I've opted to accumulate both ETH and BTC though because I reckon ETH futures might come next. Cheers @crypto-toast :)
ETH is making moves against BTC last few days. Will keep an eye on it for sure in case you're right :)
Good luck trading mate :)
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