The Sunday Recap – Down the Rabbit Hole

Well, that was eventful from a price perspective. First BTC and later the ALTs pulsed to the upside.  Then a precipitous fall to $6,400 before rebounding above $7,000. A further correction in the works – in all probability – yes. What if BTC falls 40% – would the bull thesis be invalidated? No at all – volatility is back – profits will be taken and price swings are inevitable.

The bull is back -why so confident? Good news now moves price – XRP and XEM both saw exaggerated run ups on positive news. As I’m sure most of you have noticed

About the author: TIMM Trader
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