What an incredible night! We are powering ever higher, and as the indication of the strength of this rally is coming into focus, it seems that many are dumping alts in anticipation of further gains in BTC.
BTC/USD
The Crypto King Bitcoin is pushing hard against the USD, even as [no other sovereign contender rises to match it]https://www.zerohedge.com/markets/wilds-are-predictions-dollars-demise-premature(), but gold and silver explode higher. How high will BTC go? We couldn't say in the near term, but we have loved to hear about countless speculation in the long term.
Now some of our favorite projects:
XLM/BTC
We are looking out for 700-750 satoshis for XLM, which was the accumulation zone last month. Depending on the level it reaches, we will have more information on if the alts are re-evaluating higher or just chopping around.
ADA/BTC
Recent market love-child ADA has also taken a bashing as bitcoin has clawed back some of its gains recently.
DCR/BTC
And Decred falls back to near term lows as well.
Watch carefully friends! Things can turn around in a minute in these crypto markets, and every boom comes with a correction, whether its 61% or all the way back to zero.
This is not advice, it is History, Due your own Dilligence on every trade
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I doubled my position in GBTC in my retirement account last week. I am glad I listened to my trading signals on that one.
We will see how it plays out over the rest of the week.
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