Relax, BTC is not dumping

As stated in my last post here, it was discussed that the fundamentals are bullish for all of crypto. Not only that, we will be seeing an explosive ALT coin season. I will go as far as to say that based on the fundamentals, we may finally even see the killer Da’aP we have all been waiting for. One of the many reasons for this was explained in that last post. It is in demand and will increasingly become so.

Over the last couple days I have been noticing an uptick of bearish sentiment in the market. People calling for the market to dump. But no one is pointing to the descending wedge formation here. Not to mention that BTC is in a channel, highlighted in the green below.

This is where ALT season will start. There will be no dump. It’s simply a cool off. Where is the bearish sentiment coming from? I suspect big money players trying to scare people out of BTC and ALT positions in anticipation of a coming ALT boom, and based on the fundamentals discussed in the last post I believe that ALT boom may start soon as I am hearing a LOT of chatter from non crypto news channels on YouTube finally catching on that blockchain IS they answer to combat the censorship many are facing online.

I should add that with the recent movements in stocks with Game Stop and Blackberry, some significant gains have been made, some of which could be entering the crypto market very soon.

So don’t get fooled. Now is the time to hodl and research. This ALT season is poised to eclipse 2017.

Categorised in: Cryptocurrency Markets, Cryptocurrency Trading, Technical Analysis

This post was written by BlockAdvisor