Many alt coins except nowadays for bitcoin cash are slaved to bitcoin's confidence. When BTC takes a significant hit, the alts follow. You can set up two screens in tradingview.com and monitor this behavior for yourself. But just now, YYW has had enough. YYW has been feisty and rewarding to trade so far, but not following BTC down is even feistier and shows a desire for independence that one wishes more altcoins (I'm talking about you EOS, XRP, IOTA and most others) would follow.
Now YYW, YOYOW, certainly fluctuates like a yoyo but is backed by a Chinese company that wants to use it to reward content publishers such as bloggers and developers in a decentralized fashion. I have no way to judge it on merit but this zest and independence is fun to monitor. I hope it can remain bullish if BTC would continue the current retracement downwards. I don't expect it to as BTC really is a psychological measure of confidence in all crypto.
Now YYW, YOYOW, certainly fluctuates like a yoyo but is backed by a Chinese company that wants to use it to reward content publishers such as bloggers and developers in a decentralized fashion. I have no way to judge it on merit but this zest and independence is fun to monitor. I hope it can remain bullish if BTC would continue the current retracement downwards. I don't expect it to as BTC really is a psychological measure of confidence in all crypto.
Looking for a buy point on YYW now on the BTCUSD charts, likely that YYW will respond very well once bitcoin finds its retracement point.