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Institutions Catching FOMOing

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cryptictruth
@cryptictruth
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Coinbase Pro registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday which could explain how we crashed through that $30,000 level. This is that institution FOMO which we were missing in 2017.

The crazier part is the recent outflow large outflow comes just a day after another 12,063 coins left the exchange. The amount of money flowing in to BTC in incredible. That money will start flowing into alt coins with the next few months as they chase more gains.

LTC and ETH are heating up and I believe they are undervalued as the BTC ratio is no where near what it was in 2017. I believe we should see $300 LTC and $1000 ETH very shortly.

LTC

ETH

Outside of these coin I’m starting to accurate a portfolio of smaller alts trying to guess where that large money will flow.

What alts are you buying?

Posted Using LeoFinance Beta