Crypto is getting fun again!

in hive-148441 •  4 years ago 

It's been a long 2 years, but crypto is finally starting to get fun again!

From the defi craziness that has been going on for much of the past couple weeks to bitcoin surging more than 10% in a day.

It's starting to feel a little bit like the good ol days again.

You know, the last bull market days.

We haven't seen a whole of "good ol days" since early 2018 to be completely honest.

So, as you can imagine, looking at this, it's a very welcome sight for very sore eyes:

We broke a year long downtrend as well:

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

All sorts of time frames indicating a breakout

Not only did we break out on a 1 year chart, we also broke out on this as well late yesterday...

A 2 year long downtrend, finally was busted:

(Source: https://twitter.com/PrestonPysh/status/1287555473248460800)

Given the current context of the move, I would be shocked if it didn't have a ton of follow through from here left in it.

The measured move based on the dip we saw in early march says this move is going to at least $14k-$15k, and that is most conservative estimate based on the chart setup.

Will altcoins be crushed if BTC goes crazy?

If bitcoin keeps flying up like this, what is going to happen to the altcoin market?

A market that had been flying up for much of the past couple weeks, well except for some of favorite coins, cough cough STEEM.

So far STEEM has yet to be included in the bullish price action but is selling of slightly during the BTC euphoria.

Not a fun place to be for STEEM investors.

However, we also saw this from time to time during the last bull market with STEEM, yet it ultimately had a few very large moves of its own.

Time will tell if this time is different or not, but as of right now I am not too concerned by its lack of participation to the upside.

I will admit it's not great to see, but it's also not time to panic just yet.

Overall though, I would not be surprised to see the altcoin market contract if bitcoin starts going wild. Historically the trend has been bitcoin first, then the alts.

Alts contracting may be a good opportunity to pick up some on the cheap.

Stay informed my friends.

-Doc

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Bring the popcorn to watch the movie to the moon!

Can you really think that ,crypto is getting fun again ???

Yep, it has been getting fun again, though steem hasn't been going up that isn't much fun.

bitcoin has been on a tear. Feels Good to see a run , more exciting for sure. what’s the next move .

Steem is steem. No move just staking I guess.

When will it move?

Bitcoin decide and depends what the focus will be in the coming weeks and month's. Defi has been gaining more attraction .

When they start printing money again. It changes the game that's for sure

When they start printing
Money again. It changes
The game that's for sure

                 - matty205


I'm a bot. I detect haiku.

Some of my friends who hold BTC are getting excited.

It's up quite a bit so far this year. Wouldn't be shocked to see new highs by the end of the year.