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RE: TIB: Today I Bought (and Sold) - An Investors Journal #419 - Healthcare Software, US Index Hedges, Ethereum, Oil, Corn, Bitcoin

in #investing5 years ago

The altcoin market seems to be awaken again which could mean some fireworks could come over the weekend when the weekend comes and volumes dry up. Could take out some resistance levels.

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There is always a delay when Bitcoin or Ethereum runs for alts to catch up. The FOMO crowd dump alts to buy Bitcoin or Ethereum on the rise. When the rise proves it has legs the FOMO crowd buys more alts (mostly from Bitcoin or Ethereum profits) = my observation from writing about this for more than 12 months now.

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