Altcoins seem intimately tied in with BTC. When BTC breaksdown the alts can have serious volume and liquidity issues. It's hard to tell right now with so much manipulation of the BTC/USD, but I think we are right on the verge of either an inverted head and shoulders breakout or a rising wedge breakdown. I think probably the latter and if so, the alts are screwed...
RE: Altcoin Runups Coming Soon?
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Altcoin Runups Coming Soon?
I agree with you, I although I do think an inverted H&S breakout is coming rather than a rising wedge. But obviously anything could happen but 12k should be the confirmation of a bull market if the inverted H&S comes out to be true. I did see a rising wedge TA post earlier and it the pattern looked near identical to one so I wont count that out.
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