Karas_

BTC and its effect on alts

BITSTAMP:BTCUSD   Bitcoin
Hi,

Concise analysis here on what's happening / what should I do / holy s*** I'm off ..... (Not trying to predict future as I consider BTC to be highly unpredictable and manipulated)

- BTC current volatility = Alts bleeding
- Market cap decreased a litlle = Alts bleeding
- BTC dominance has broken the 55% resistance = Alts bleeding more

Whole market is waiting for monthly close tomorrow to see what to do next, so I wont trade until things calm down a little. Hopefuly may will be less crazy.
The good thing is that we may buy alts very cheap and sell high when the time comes.

Trade safe

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