Hello fellow Steemians!
BITCOIN
When I think of the BTC, my starting point for me was history. This year we have been corrected after exponential growth. The lowest point reached by now was $ 6,000, or a 70% drop in overall. Taking into account 2010 as well, the historical bottom of the correction was in the range of 70-90%.
A certain unwritten condition for completing a correction and a new upward trend is to find a price level when the side cost with minimal fluctuations. This means a certain consensus on both sides of the barricade.
I personally kept looking at such a course. This trend occurred in 2015 at $ 240, while the floor was previously found at $ 170.
This means that the price stabilization did not occur at the bottom, but on the surface by about 30% higher than the bottom. Converted to this year, if the bottom would have been $ 6,000, then the price equals around $ 7800.
By the way, this is the level where 12.4. the price was shot straight when it rose by $ 1,200 over the hour. And under $ 7800, she did not look for another day.
But where is stabilization at a certain price level, which is "just", where should a new growth trend come from?
I have to recall the special event 28.4. When the price went from $ 9,200 to $ 8800 in a minute, and at $ 8800 she landed $ 9,500 and then settled back to $ 9,200.
If I do not stick to a longer period when the price is to be stabilized at a price, the 9200 $ level might be considered a steroid steroid. Toho 28.4. there was a consensus within a minute that the $ 9,200 is good enough to sell and buy. We could not find a possible zero point that we are actually looking for where the price is "just".
It should be noted that despite the finding of a given level, the price in the past had the last significant decline, but after a very rapid return to the given level it only went up.
In this way, the "conditions" needed to start the new growth trend of the BTC could not be fulfilled.
ALTCOINS
Positive feedback from allo gains is also likely to stimulate a preview of investing in BTC.
The rapid rise in the price of BTC still creates aloes. It is anticipated that a rapid fall in BTC would follow the rapid growth of the BTC. So, after the growth of BTC, it is better to sell alts, then buy the BTC cheaper and back to aliens. This strategy might slowly stop paying off. It can pay off in a very fast response. But selling after the fall of the alto, it can be extremely expensive. Because BTC's price is stabilizing and moving sideways with rapid movement. This again causes the aliens to return before falling.
Better strategies would then rather use sinks to buy altars. But of course there is still potential for the final fall of the BTC. Which, on the other hand, could have been worth it without panic. If that were the case, I would expect the final massive purchases that many are still waiting for.
PS: My guesswork and assumptions are not a prediction. I'm not a financial adviser. Before investing, do your own research. Do not invest in the blind, based on "someone said" !!!
Paulinho