Triangle could go either way but as we get closer and closer to ALTCOIN SEASON, the more logical idea would be to go long on ALTCOINS. Measured move in the bullish direction.
but if bitcoin corrects which is likely altcoins will follow
Godfather-Pips
⋅
@Ryecatcher, a few reasons why I believe alt coins like XLM will rise:
- Well, the Bitcoin dominance has fallen by 10% since the start of the year and the alt coin season index has parabolically risen from 16 to 53 over the past two weeks which is showing signs of an alt coin season
- The correction on BTC has already taken place in my opinion, at least for the short term, as we have seen it correct from 40k to 30k and this 30k mark has remained strong support for some time
Your point is still completely valid and we can't say for certain what the market will do but stay tuned to see how this will play out!
Ryecatcher
⋅
agreed your points are valid I still see multiple corrections to come on btc throughout the next few months ahead
Godfather-Pips
⋅
@Ryecatcher, Well we'll just have to wait and see...