Bitcoin rise, a classic Wyckoff rising pattern
If you look at bitcoin price moving during the last month, you will find it easy to recognize that the trending is a rising trend matching Wyckoff pattern. There are 3 phases included in this market trend: drop, callback(not back blending sorry :)), and second verification, and also you can see during the second verification the volume is not extending but shrinking, which means big shark of bitcoin collector they are collecting sold bills (including unfirm holders). Then it must be jumping out of the box with a huge rise. I strongly support that there is a new round of bull market for bitcoin.
Also, if you look at other alternative coins, it is a bit bad. They don't get a rise when bitcoin is rising. I think this is due to the bull market in 2017, when these coins have experienced many commercial exploitations and holders would not want to exploit the price for such coins again. My research analysis shows that old alternative coins with btc trading pairs drop mostly in this round of bull market(I mean until now). so a good strategy would be to pay more attention to new alternative coins. The way of making a shit load of money is changing to just pay attention to alternative coins in big exchanges.
There are two reasons:
1. Some bad/unknow exchanges will be dead.
2. hot money will flood into big exchanges. As you know that the exchange coins they have risen a lot this year, exchange coins will be precious than before, exchange coins holders tend to hold their precious exchange coins for joining IEO, this could cause IEO coins to be also precious. Hot money will flood into exchanges buying exchange coins and this will push exchange coins to rise and also push IEO coins.
So the best way is, to use 70%-80% of your money holding btc, and the rest money can pour into ieo coins for those known exchanges.
Also, if you look at other alternative coins, it is a bit bad. They don't get a rise when bitcoin is rising. I think this is due to the bull market in 2017, when these coins have experienced many commercial exploitations and holders would not want to exploit the price for such coins again. My research analysis shows that old alternative coins with btc trading pairs drop mostly in this round of bull market(I mean until now). so a good strategy would be to pay more attention to new alternative coins. The way of making a shit load of money is changing to just pay attention to alternative coins in big exchanges.
There are two reasons:
1. Some bad/unknow exchanges will be dead.
2. hot money will flood into big exchanges. As you know that the exchange coins they have risen a lot this year, exchange coins will be precious than before, exchange coins holders tend to hold their precious exchange coins for joining IEO, this could cause IEO coins to be also precious. Hot money will flood into exchanges buying exchange coins and this will push exchange coins to rise and also push IEO coins.
So the best way is, to use 70%-80% of your money holding btc, and the rest money can pour into ieo coins for those known exchanges.
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