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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?


To: roguedolphin who wrote (974)10/3/2018 6:35:01 PM
From: Frank Pembleton  Respond to of 7697
 
I follow DigiByte, thanks for mentioning it.

...as for BTC going lower I'm not so sure. Have you looked at the breathtaking rise in the DXY? That's where BTC weakness lies. IMHO the two are competing as safehavens. The Altcoins are weak for other reasons (mentioned earlier).

Look at Dash, Ethereum, Litecoin, Omisego even Cardano, the charts are all similar and they have all broken support. Oh btw, support in my mind is a break below the 13-day MA in an unfavourable chart pattern. Another leg down almost seems unreal to me, but the possibility cannot be ruled out.

The only 2 outliers are BTC and XRP.

I hate this but that's where we're at.