NEW QUICK VIEW (@ 2020-07-26 04:54:23)
... and Bitcoin just showed a $500 green candle. Predictably a lot of the altcoins got whipsawed (much of the crypto market is traded in BTC terms, making Bitcoin the granddaddy of all crypto assets in a very similar role as USD in traditional financial markets), but they are in fact just cooling off from the immense strength shown earlier today. This is something we saw coming, as per our note on Friday: “I just wonder if we may be witnessing a third trend break that will catch everybody off guard. As long as there is not an obvious catalyst for stocks strongly dropping again (but remember - the market never does what you think is most obvious) crypto may for now be able to shake off the relationship with traditional markets, and we may be ready for some range-bound stock trading and eventually skyrocketing crypto.” -LSS Quant Team
