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RE: #HODL Charts . Bitcoin Steem Altcoins . March 1

in #bitcoin7 years ago

This charts are way too dependent on Bitcoin to be taken seriously. If Bitcoin breaks through everything will be bullish. I do not see how TA could give us proper indications in a period when Bitcoin is about to breakout.

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Yes. I mention that in the video. Bitcoin is 40% market dominance. Hence, where Bitcoin goes, all else will follow. BUT, if Bitcoin finds a range, then the Alts will have an opportunity to fluctuate again.