What a ride its been these past few months, we had altcoins shooting for the stars, some pretenders to the crown climbing the rankings, then the whole market fell away and my hard earned sitoshis with my alts. Some have recovered and I am content to leave them where they are unless BTC decides to wake up.
More importantly however is this fall over? Well history gives us some clues; 2 similar profiles but 2 very different situations, market sentiment is no longer the only determining factor, we have the added dynamic of the futures contracts and all the manipulation that brings. However I am of a view that most things are connected and that patterns can repeat themselves, so I'm going to stick my neck out and say I expect the fall is done but equally I am set up to take advantage of any volatility that does arise.
Fundamentals, moving averages and behaviours in the candles, I have some loose trends and similar outcomes and I would like to think the fall is over and we are back on track to the $100k but with the next CME futures expiry at the end of this month we could be in for more volatility.
Trade safe and be prepared.
More importantly however is this fall over? Well history gives us some clues; 2 similar profiles but 2 very different situations, market sentiment is no longer the only determining factor, we have the added dynamic of the futures contracts and all the manipulation that brings. However I am of a view that most things are connected and that patterns can repeat themselves, so I'm going to stick my neck out and say I expect the fall is done but equally I am set up to take advantage of any volatility that does arise.
Fundamentals, moving averages and behaviours in the candles, I have some loose trends and similar outcomes and I would like to think the fall is over and we are back on track to the $100k but with the next CME futures expiry at the end of this month we could be in for more volatility.
Trade safe and be prepared.