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Bitcoin Surge Will Cause Altcoins To Have A Mini-Midi Bull Run Too, Have You Bought The Altcoin Dips?

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@cryptopie
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The Current BTC Price Chart

Bittrex Global

The Current BTC Markets

Bittrex Global

The Altcoins are still dipping, most of them dipped yesterday and I am not worried because it is just an opportunity to buy lower. Now that BTC is plateauing with its price and if it continues to do that we can see altcoins recover, some lower than other and some gaining two digits price gain.

Now people that is praying for a dip gets the chance to buy the dip at this moment because for one thing you buy when the price is low and sell at the relative top based on price history of the crypto that you so choose.

Only people with balls of steel can really trade in these situations because #bitcoin is said and predicted by TA analysts and speculators to be in the bull territory. But again I do think that because of a quick run-up for BTC it is expected to pullback about 30% but that is just my crazy guess and that I am just basing my opinion in the past events and even if that goes into play it is just a normal price movement for BTC to do.

What we needed to see is another pullback and then another run-up like yesterday then for me BTC is in the bull market already. That event will fire-up the interest in BTC by the retail market, the common people lead by good news from the media most especially and then it will invigorate the price actions of both BTC and Altocoins alike.

BTC needs to be fed by good news already so that we can get off from many months of stalling and bear market situation. But if BTC would fall back where it started then all is just a clear manipulation in my opinion and it will just take time again for BTC to get immersed from sub-9.5K levels.

Putting my money where my mouth is.

Buying Steem At 1950 Satoshis

Selling Steem At 2400 Satoshis

Warning:

All of what I have written here are just my opinions and not necessarily facts. Please do your own research before investing in a highly volatile financial instruments such as cryptocurrencies.

Posted Using LeoFinance