This is not a real bullrun yet, rather the necessary preparation for that. I think when big wave 3 arrives, alts and BTC will exceed our expectations.
There is not much "fresh" money entering the market yet. It's rather redeployments so alts suffer a bit. After wave 2 in BTC, alts will be very cheap so I will buy some. But what we don't want to see is permanent inverse correlation (alts only rising when BTC plunges) because this would be bad.
Awesome, appreciate the response!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Also be aware that there are still a few bearish scenarios left, even if this rally takes us to 13k in the short term. We need to see a clear wave 2 correction (best case would be 50 or 62%) in the coming months, or BTC will likely drop below 5700.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
is that 50/62% trace of (if) this current primary wave 1?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes. Because if it is not primary wave 1, it is still part of a much bigger correction.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit