Daily Crypto Charts With Comments! Aug 14, 2018 : Bitcoin Dominance Soaring, ICO's Cashing Out.

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Disclaimer: This is not investing advice. These charts are for fun and beginners. An easy to understand basic introduction to charts.

BTC

As altcoins are being carried away to the slaughterhouse because of ICO's mainly on Ethereum network is cashing out, Bitcoin is at least respecting the ascending bullish trendline so far. BTC dominance at 54,5% which is the highest since December 2017. I am still looking for much cheaper prices. But one good thing will come of this, and that is that shitcoins will be wiped out. Sure, we will see a repricing of promising projects as well, but weak hands as well as weak projects will be flushed down the toilet. And we will be left with what is the real market cap of cryptos. I think this will be settled in this bear trend. When we finally turn, that is the bottom. So all in all it is very exciting.

 

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