JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 13, 2017, 10:57:58 AM

Why? We are at beginning of the week.

Bearish divergence. Break-out was a failure which shows lagging momentum. I guess things could still turn around, but with Eth stealing fiat inflows, I'd not be confident. The latter should also crash spectacularly at some point.


This is my second time responding to this post - a reformulation of two of my deleted posts...

My great ideas must be shared, no?


Yefi:  You could be correct, but it seems to early to call,no?

I thought that there was a pretty decent potential to be taking advantage of the ongoing momentum in BTC for another 5 weeks or so of upwards price pressures and upwards movement.

If we get derailed at this time, then it is likely that we are not going to have another pump until September or later (after the USAF bullshit finds some kind of path forward)..

Therefore, seems like we gotta have a bit more upwards price movement rather than down in the coming weeks - even if there is simultaneous money flowing into other coins, 

So, even though there still seems to be a lot of money coming into the crypto space... BTC prices are currently floating in the upper $2700s.  We seem to be having a bit of a better recovery from the about 17% correction than I had expected.

Within several hours after the initial correction, I was thinking that the BTC price range was in the about $2,500 to $2,750 territory, and that we were more likely to break downward from that range rather than upwards in the short term, but all in all this correction would be a quickie because we are returning to surpass $3k and to go into the $4k to $6k range...

Now, we are trickling upwards, beyond my initial assessment of the price range and it seems that we are breaking upwards out of the range  rather than down..

 Surely, we are not out of the correction stages, yet... but this current upwards price pressure is feeling kind of bullish.