Thank you. Recently alts stated recovering less even when BTC did go up. Having bought 'the dip' did indeed leave the wallet dry, with a prospect of the markets going lower. How come alts become more bearish than Bitcoin, when just a few days ago it was the other way around? Maybe you have some insight on that.
That's what I thought. I read that article, twice. But I had some difficulty applying it. (It came a bit late too in my case.) So I guess my real question was, if this could be the the start of a "oh shit" phase. And if I parse all of your input correctly, it could be.
I think we get the second scenario if the waited moderate (10%) correction on stock markets arrives, that could be the second leg down on BTC to example 0,618 FIB level...
Thanks for another great insight!!
Thank you. Recently alts stated recovering less even when BTC did go up. Having bought 'the dip' did indeed leave the wallet dry, with a prospect of the markets going lower. How come alts become more bearish than Bitcoin, when just a few days ago it was the other way around? Maybe you have some insight on that.
My opinion here is that this market reaction shows that traders are fearful.
I hope this trend doesn't continue for reasons I state here: https://jarvislabs.substack.com/p/capital-flow
That's what I thought. I read that article, twice. But I had some difficulty applying it. (It came a bit late too in my case.) So I guess my real question was, if this could be the the start of a "oh shit" phase. And if I parse all of your input correctly, it could be.
Could be. If BTC starts to retrace and remain range bound, then I'm curious how BTC.D reacts.
I'm split 50/50 on lower lows forming for BTC.D this year.
I think we get the second scenario if the waited moderate (10%) correction on stock markets arrives, that could be the second leg down on BTC to example 0,618 FIB level...