Big macro event as total #cryptocurrency mkt cap retested ~90mil U$D double bottom #Bitcoin should regain relative strength back. As for #ETH seems the craze to flood into ICOs paid with ETH has created constant liquidation into every rally attempt? For the ICO that rec'd ETH, they must liquidate to fund the white paper plan, eh? We do need Bitcoin back to rally mode to keep the extreme difficult mining profitable 🗽
90bill U$D total #crypto mkt cap double bottom MELTs like butter with almost ALL altcoins dropping by 20-30%. At time of post total mkt cap is at $83.1bill U$D with current mkt action in freefall! Where will be next bottom in mkt cap equillibrium? Litecoin priced in Chinese Yuan bottomed at ~303 level currently at ~308 LTC/CNY, which is just below ~at the lower channel extreme on aforementioned chart from 7/8. Any rally back from here would NOT technically violate the upward trending channel, but a realization this is at Hope stage in order. Not a problem for #HODL strategy. Should be noted that #LTC priced & charted in #Bitcoin, LTC/BTC paints recent highs lower than previous longer term highs on LTC/USD .
Big macro event as total #cryptocurrency mkt cap retested ~90mil U$D double bottom #Bitcoin should regain relative strength back. As for #ETH seems the craze to flood into ICOs paid with ETH has created constant liquidation into every rally attempt? For the ICO that rec'd ETH, they must liquidate to fund the white paper plan, eh? We do need Bitcoin back to rally mode to keep the extreme difficult mining profitable 🗽
90bill U$D total #crypto mkt cap double bottom MELTs like butter with almost ALL altcoins dropping by 20-30%. At time of post total mkt cap is at $83.1bill U$D with current mkt action in freefall! Where will be next bottom in mkt cap equillibrium? Litecoin priced in Chinese Yuan bottomed at ~303 level currently at ~308 LTC/CNY, which is just below ~at the lower channel extreme on aforementioned chart from 7/8. Any rally back from here would NOT technically violate the upward trending channel, but a realization this is at Hope stage in order. Not a problem for #HODL strategy. Should be noted that #LTC priced & charted in #Bitcoin, LTC/BTC paints recent highs lower than previous longer term highs on LTC/USD .