BTC is in a textbook descending (bearish) and looks to be forming a head and shoulders (bearish). After that I assume that it drops to a new low and finish its market cycle.
80% of the alt coins including Eth have dropped to big lows and have completed what looks to be a full market cycle.
This begs the question of who to trust BTC or ALTs, let me know your thoughts.
1. ALTs respond to news so they actually might be independent for example: (ETC Coinbase news)
2. Short Squeeze
3. Futures expire...
My thoughts here might surprise you but I think that price is manipulated through media so we can't trust anyone here, just surf on those green and red waves for now...
Cheers from Sweden
Broom
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I'd say trust BTC, and alts will keep dropping in USD as most are denomindated in BTC on the exchanges
1. ALTs respond to news so they actually might be independent for example: (ETC Coinbase news)
2. Short Squeeze
3. Futures expire...
My thoughts here might surprise you but I think that price is manipulated through media so we can't trust anyone here, just surf on those green and red waves for now...
Cheers from Sweden