FIL / BitcoinLong
Filecoin Breaks Out of Compression Zone
I'm pleased to see that Filecoin/BTC seems to be breaking to the upside out of a clear squeeze point. This is very good news for the prospects of this altcoin as Bitcoin continues its pretty reasonable and controlled correction. What we are seeing with Bitcoin is clearly not some blow-off-top type collapse ca. 2017; so far it is a healthy correction within what remains a larger uptrend.
This is exactly the kind of environment that gives rocket fuel to alts. And with Filecoin putting in the work of laying a bottom to its BTC market, and clearly preserving a larger uptrend against Bitcoin, we can be cautiously bullish about the next month as we head into Spring (aka the time before May).
This is exactly the kind of environment that gives rocket fuel to alts. And with Filecoin putting in the work of laying a bottom to its BTC market, and clearly preserving a larger uptrend against Bitcoin, we can be cautiously bullish about the next month as we head into Spring (aka the time before May).
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