just a reflection for my own educational purpose! BTSBTC has been coiling for months also, with the total market cap of the altcoins ready for a new breakout to the upwards it might be a good risk and reward bet to be in the bitshares. #riseofthelegend #thisisbitshares
saving it just for my own future reference
Last bull run topped out in a year of rooster. 2029 – Earth Rooster Year. According to the Chinese horoscope Earth Rooster comes during the period from February 13, 2029, to February 2, 2030. An energetic and active rooster is a symbol of the sun, the beginning of a new life. Child of Nature does not tolerate lies and pretense.
hoping alts would get hammered during next drop down from median line.. many scam projects should just die off before next cycle...
Is this it? Alts are about to get a big hit once more as btc might be getting ready for a bigger correction? Purpose of this observation is just to give an idea when the long term bottom might be hit. It seems like crypto is going into to much tougher times.
With btc making a huge bounce and still not have corrected i presume alts/usd pairs might be in for a new round of hell.
Bitcoin has been stable after the big drop from 6000s. with most of alts looking like crap, it seems like stellar might finally be hitting a very import trend line of a parallel channel i have drawn. in previous cycle stellar led the way into the Dec-Jan rally. maybe we see stellar reversing here soon. maybe a good long entry here?
TD sequential showing 9 on weekly and we are at the bottom of the falling channel. if bitcoin doesn't bounce stellar is doomed.