Alright everyone the story is still the same, be patient and wait.
Alright everyone the story is still the same, be patient and wait. Lets also remember the markets spend 70 percent of the time doing nothing but trading in a consolidation pattern. The hardest thing to do in trading or investing is being patient for months and years, but if we look at the bigger picture and forget about instant gratification we set ourselves free from impatience. The stock market is still looking like it wants to go higher but the economy is not inline with the data and stock market. It is better to prepare now and have all you need than to not have, when you need it. That makes sense right???. So to the alt coins, I feel like they would have fallen lower by now and also would have made lower lows but that is not the case. What could this be saying: This is a time consolidation not a price consolidation. This range can last awhile longer and will push everyone’s patience and make them sell but that is the point of time consolidation. While bitcoin has made its way higher, alt-coins have. literally done absolutely nothing. The tide pushed out for bitcoin but now the tide is coming back for the alt-coins.
Lets look at the chart:
This chart has a regular pattern and then the green pattern, these are almost identical and pulled from the bitcoin chart. I believe Bitcoin paved a road for us to follow, i have been on the band wagon for a hot minute with these alts and i have strong conviction with this setup. The Month of July is the new beginning for all alt-coins. I am sticking with the top 10 cryptos since they are the ones with the strongest market capitalization. Cheers!!!
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Published at Sun, 30 Jun 2019 03:57:26 +0000