I have been trading and have been constantly investing in small cap stocks. So I do have solid understanding of how small cap/penny stocks world.
And crypto will be lumped into same category of them.
The only things matter in the Small Cap and Penny Stocks is overall market sentiment and whether the whales are READY to pump the stocks. And when the whale pumps, it will pumps a lot. That's how the small cap/penny stocks work. Of course 99% of the stocks will crash back but 1% will make it to mid cap and large cap companies.
Nothing is different in the crypto world.
It is the same game. So, please, throw away all your elliot wave, because IT DOESN'T MATTER. Yeah, if you don't like what I am saying, Fuck Off and go away.
Back to the topic, so, now, as Nasdaq/Dow Jones/S&P 500 entered into a bull market and a possible blow off/melt up phase, the global stock also rallies TOGETHER with the US market.
And then, once all the capital has made tons of money on Apple/Microsoft on Dow stocks, the capital will SHIFT and FLOW into large cap stocks, then into mid cap, then into small cap and into RISKIER ASSET.
THIS IS THE ONLY EXPLANATION FOR WHY CRYPTO IS RALLYING RIGHT NOW, some of them, most of them are the top 10, like BSV, BCH, DASH, ETC.
And soon, the capital will FLOW into smaller cap coins and so forth.
THIS IS HOW MARKET WORKS.
Stop listening to Peter Schiff, stop listening to Tone Vays, these idiots don't have clues and don't understand how market works.
Go get some API keys and do some analysis on the financial market and go as far as you can. And stocks data are not that expensive, for 1000 bucks, you can get equities data back to even 1950's.
And these data are relevant, because human psychology is always the same, and market always behave the same.
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