Why are alts getting shoahd?
Why are alts getting shoahd?
Julian King
Bentley Wood
Are you new? Literally always happens on initial takeoff. Btc moons and alts drop, Btc crabs and alts moon. Easy peasy now go make yourself a million dollars
Jack Harris
I should be a btc maximalist. why...
Jaxon Rivera
>Always happens
I'll take no for 800 kike
Angel Rogers
>Been holding the same bags since January 2018.
>Constantly accumulated more at the absolute bottom.
>Feeling like shit is about to spike, but at the same time afraid of not making it.
Tell me it's gonna be ok frens.
Dylan Allen
Lucas Nelson
Joshua Morgan
Because the one true bitcoin takes the lead in the true golden bull. Alts will have their time, but new money needs BTC before we can have a true ALT party. Then everyone rushes back into BTC when it goes full parabolic and it pops.
Cooper Bailey
People are buying bitcoin for alts
Evan Baker
order has been restored, btc moons and alts nuke
Jason Gonzalez
Protip:
If you think next bullrun will be a copy paste of 2017 you should maybe retire from crypto before you get financially raped.
Gavin Garcia
Why BTC and not ETH for alts?
Benjamin Ward
Because ETH is a shitcoin
Logan Wilson
why not?
Brayden Williams
without ETH 99% of of the cryptosphere wouldn't exist.
Dominic Edwards
This is the new paradigm. Deal with it.
Adrian Hernandez
if i ever wanted an anime gf, it would be her.
Leo Robinson
sauce desu
Ryan Lewis
Xavier Young
This
Isaiah Thomas
because we have an early bull
Henry Cox
everything started dumping with bnb
Landon Wright
Bear is about to start again
In the last BTC analysis, I showed how the first 2015 golden cross happened exactly at the high of the move, causing BTC to retrace all the way to the 61.8 retrace. As you can see, we rallied up to the weekly 50 MA (in black) and pierced above it. However, BTC has now pulled back below the weekly 50 MA. It will be interesting to see where this candle closes. I am expecting it to close below the black moving average. From there, I am expecting to see price create a head and shoudlers pattern. You can see that we have what looks like half of a head and shoulders pattern right now, with a possible left shoulder, leading in to what could be the head. So, we did get the golden cross, and we did get the spike up like we saw in 2015. Now, we need to see if price will ultimately return to the downside here. Personally, I'm expecting BTC to return to at least the 4200 range, and possibly even lower.
The upside is now becoming more and more limited, while the indicators are flashing sell signals, and showing signs of exhaustion. I really doubt that there is much upside left, if any at all. We've rallied 80% from the low, and we are becoming increasingly due for a pullback in the coming weeks. In 2015, Bitcoin rallied 93% from the low to the high that pierced the hit the weekly 50 MA. So, this rally has been similar in percentage terms, and nearly identical in it's movement. So, until we see a major deviation, there is no reason to believe that price won't continue to follow the same general movement patterns that we saw in 2015.
Remember, it took months and months of testing for BTC to break down below the 6000 area. It is extrememly unlikely that BTC would be able to surpass it without some potentially big failures on the way back up.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
Grayson Nguyen
Gonna get even nastier in future months. This is just a small taste.
Adam Sanchez
Because people fomo into bitcoin from their shitcoins. This isn't good either because the majority is always wrong in crypto meaning if most people are fomoing into bitcoin right now then we are at the peak of this uptrend.
Matthew Lee
ENOUGH
Jace Nguyen
Fuck off with that pasta, tripfag