snip-
You have any thoughts regarding how alts are contributing to your attempts at fractal analysis?
Hello there WO brothers,
Hairy is very impressive he has always very interesting TA.
Price of Bitcoin now spike again and also alts swinging their prices.
@ sheenshane (0r anyone else willing to venture down this path of speculation)
Do you have any kind of theory of the extent to which alt coins are going to play out in their influences upon BTC prices in the coming 6 months or so? Assuming that BTC prices are going to gradually begin to migrate upwards, as Hairy's analogy by fractal comparison seems to suggest?
Overall, if we assume that a fractal kind of comparison pattern is going to play out - even if the timeline does not match up with any kind of precision, do you believe that:
1) alt coins are going to pump again along with BTC at similar, or perhaps even higher than BTC levels?
2) alts are going to lead the way (or at least pump ahead of BTC)?
3) BTC will be less able to pump until a bit more froth is purged out of the alt coin market, which will not stop the pumping of either BTC or alts, but will cause the pumping of alts to initially follow BTC's pump, even if later a decent number of alt pumpenings surpasses BTC pump levels?
4) some other kind of variation that I have not described, such as alts are not going to pump along with BTC?
Personally, I am more inclined towards some kind of variation of 1 and 3, and of course, I am not asserting that there can be any kind of exact knowledge about which alts pump - because there are likely to be some losers in the mix, too... and it remains quite likely that BTC's price performance is going to enable the ability of various shitcoins to prosper, even if BTC is NOT going to price move as extremely as some of the others.
Poll
