We have finally started to correct with BTC. It is an exciting moment both for risky short sellers and us, who are patiently waiting for an alt season to truly take off as this correction completes. Also, with this idea i want to warn especially new people in this space, that even if it looks like this correction is behind us, it hasn't even started yet. This recent one was only 18% on bitstamp exchange, almost touching 2,618 fib. ext. level. We have to see the one that is 35-50% (from the top) following by booming in altcoins to truly indicate that BTC is going for the last leg up to about $65-80k. Stay safe, and please don't be scared, if anything, be exited of what is to come.
I am not a financial advisor so don't buy anything that i say. Wish you all successful investment. BITSTAMP:BTCUSD
What happens after the target is reached? 50% correction?
FXtrades-gp
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@XRPLAWD that would be an interesting scenario ! 😁
CR35
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@XRPLAWD Usually after that point BTC loses its market dominance, so altcoins will start to decouple from the btc price and will boom as btc starts to slowly climp back up
CR35
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@XRPLAWD the second boom in altcoins is expected also as btc starts to set new highs
CR35
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I am basing all this from what has happened in 2017