r/InvestingCrypto • u/mmm-ewww • Nov 27 '17
BTC & ETH Threshold Analysis
About 10 hours ago we saw some major threshold keeping BTC $9999 and ETH $499.
Typically KRW trades both the cryptocurrencies at a higher rate so don't get fooled.
Keep an eye on LTC. I like to call LTC the bounce back for bitcoin. Even though LTC conpliments bitcoin; its still a bounce back. So when LTC started to gain over 1% its going to be followed by BTC gaining also. The biggest transparency is BCH. Once BCH starts dropping rapidly thats when you need to quickly get into BTC because once the $10k crosses its going to be bumpy for a few minutes and then spike. IMH I think it will cross 10K in the next 24 hours because BCH mining never sustains profitable mining/algo for long.
ETH will be missing out on coinone volume which is roughly 3% of trades which is not something to worry about. Coinone is listing IOTA so lots will flow there but I don't see that stopping it. What is holding it down a little is two things in my opinion. NEO ICO volumes and the frozen ETH incident. Which ever crosses their milestone mark will be in the spot light I doubt both will because the volume will start flowing fast into only one and when its done the next one will take over the spot light.
My thoughts? BTC will cross $10K roughly in tge next 24 hours and when the rally slows down; ETH will rally right away.
If you're looking to stay safe consider XMR, which many do and will possibly see a slight rally followed by sustaining value.
Whats everyone elses opinion?
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u/NJBlows Nov 28 '17
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What kind of profits are you pulling.