Two days ago, it appears that market makers had enough commitment to prevent the confirmation of as they quickly pushed BTC above 12k (on Bitfinex). This has given many investors newfound confidence. We must now acknowledge the possibility that BTC crash may be prevented.
Now, there's a symmetrical that's about to break in one of two ways:
- A break up with strong will lead to another rally and bulls will gain full control if BTC can go above 15k.
- A break down under 12k will confirm the and lead to further drops.
Having said this, the last few days have convinced me that altcoins have grown more independent of BTC , for while BTC has made a lower high many altcoins have made a higher high. This suggests that while BTC may remain it may be time to consider entering on some alt positions.
As this one is on the short-term, you can also see my mid-term view of BTC here:
Long-term I'm as as everyone else in this market.
Also check out my website: http://www.jlteng.com
except he BOUGHT 1000% ago
Some alts are still behaving very well ( BCH, NMC are my favorites ) wether btc goes up or down.
Imo, as long as BTC stays fat, slow and expensive, I wont change my mind on btc, the good fundamentals that made btc a success are now bch fundamentals.