ALTCOINS LONG TERM
Said everything about BTC, now a quick update on altcoins. As you see, the btc reached perfectly the 68% dominance as per related idea. All attentions and capital were directed on btcdue to the halving. Now, I expect a lateral-down period, as also happened after last halving in 2016. Perfect environment for Alts to perform.
I expect a btc to range bewteen 6-8k, so you may ask "why you bullish on alts?".
Usually when btc goes down alts go down even more, but this moment is particular, as not much money in alts is left to squeeze. I think they will tend to fall as btc if btc goes down and outperform it if it stay stationary or goes up. There will not be a better moment for (some of the) alts out there to jump in. In the next update I will tell you the one I am jumping in.
I expect a btc to range bewteen 6-8k, so you may ask "why you bullish on alts?".
Usually when btc goes down alts go down even more, but this moment is particular, as not much money in alts is left to squeeze. I think they will tend to fall as btc if btc goes down and outperform it if it stay stationary or goes up. There will not be a better moment for (some of the) alts out there to jump in. In the next update I will tell you the one I am jumping in.
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