• Alternative title: Two Cryptos, One Cupcake. Yes, it’s been almost exactly ten years since the original in 2007 – older than Bitcoin.
  • During a consolidation, there are no strong bullish or bearish trends, to the dismay of those seeking large price movements. On the other hand, a consolidation can establish confidence in the new price after a strong move. For this reasons, some consider a period of consolidation to be “healthy”.
  • A drawback after a strong upward move is not uncommon and can indicate a consolidation or correction.