Hi Crypto Academy Network, We had warned our investor’s in the previous analysis that the rise in Ether’s market dominance at the cost of Bitcoin was a sign that the crypto bull run is in its final legs. Strategists at JPMorgan Chase & Co. and DataTrek Research LLC have also echoed a similar warning. JPMorgan analysts wrote in a note on Friday that the drop in Bitcoin’s dominance and the huge rally in altcoins signals froth as it indicates increased retail participation. DataTrek’s co-founder Nicholas Colas warned that history indicates the altcoin party may reverse direction sharply after Bitcoin’s dominance hits 40%. Bitcoin broke above the downtrend line of the falling wedge pattern on May 8 but the bulls could not build up and start a new rally higher, as we had predicted in our previous analysis KEY TRADING LEVELS Top Content This Week! Binance Lists Dogecoin Rival SHIB | | | | Bitcoin And Ethereum Bleed 10% | | | | Ripple reports strong XRP whale | | | | Top Article This Week! The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur |
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