Negative. Price turns down due to news or no news, coupled with great dumps that smash the support currently at ~400. If no support is found until 290, it breaks the rising bottoms trend, leading to further insecurity. Also Bitcoin starting to rise dramatically could lead to this outcome just because alts typically follow suit a little later. Likelihood 5-10%.
What is your opinion on the effect of BTC continuing lower? In the past few weeks we've seen BTC give up 600 after staying roughly in that range for a while (since May), and now it seems it might be giving up 500. I wonder what the effect of this might have on Monero.
Well personally it has made me buy more of it.. don't know about the others
Perhaps this is a rationalized response to the primal urge to sell BTC, which cannot be done due to my resolution of not selling below 3000. Switching to something that is still crypto, has things going, and is going up, is not strictly breaking of the promise, right?
