God Morning Crytopotamusses!
This morning has started off a little conservatively with BTC not making the charge I expected when I expected. ETH is leading the pack on the real coins and a bunch of shitcoins seem to be getting the random pumps as the manic traders await their pre-BTC-FOMO. Ripple is at the end of its charge as far as I can tell (and hope.....SRSLY SCREW XRP!) and should not reach any more than 24k satoshis. So convert to BTC then and buy back when it comes down again if you must have this centralized, premined, corporate owned non crypto bullshit in your portfolio!
Today's ETH report is brought to you by The BTC report as that is the real story in the next 24 hours. Since the 12 hour and 1 day MACD are telling different tales (12 crosed down and 1-day is threatening to cross up) there are a couple likely scenarios. We are in a 2+week wedge that will end up squirting up and testing 17k, or breaking down through support and bouncing potentially as low as 12k. Buy zones indicated just under the wedge support in case of a fake out, and be sure to sell if you buy there and it drops below 14K and 12K respectively.
The real question is how ALTS will react if BTC returns to flrmer glory. History tells us they will become bargain coins while new money continues to arrive, and traders FOMO their alt coin money into BTC to buy the bottom and sell the top. I would like to believe that people have learned enough to maintain their core of good alts put just a percentage into BTC, and the market keeps alt coins fairly stable! Either way, prepare for some alt coin discounts, don't hold inferior coin bags, and grab some popcorn in preparation for the shill wars between Roger Ver, Satoshi fanbois, and lets hope Charlie Lee gets in on the action.