✳️ Bitcoin Cash Ascending Channel |Altcoins vs Bitcoin Explained
It is hard to imagine altcoins vs bitcoin pairs growing together with bitcoin but this is something that happens in every single bullish cycle.
They might not grow together on the same dates, but they alternate between bitcoin and altcoins and end up growing nonetheless.
We would assume that when bitcoin grows the altcoins vs bitcoin pairs are bound to drop but here we can see BCHBTC hitting a low in July 2022.
This is the same date when most altcoins vs tether as well as bitcoin hit a low.
Most of the market hit a low between May and July 2022, most of them on June 2022.
While bitcoin went on to hit a lower low in November, this didn't happen to Bitcoin Cash vs bitcoin and others ALTSBTC pairs, and in this way when we zoom out and look at the bigger picture, we will end up with both sections growing.
When bitcoin moves down for a retrace or goes sideways to consolidate, the altcoins will move up with massive force and retrace when bitcoin moves ahead.
This dynamic repeats until the end of the bull cycle takes place.
The trick is to be patience and trust that regardless of what is happening in the short-term, the long-term will end up with higher highs and higher lows.
Namaste.
They might not grow together on the same dates, but they alternate between bitcoin and altcoins and end up growing nonetheless.
We would assume that when bitcoin grows the altcoins vs bitcoin pairs are bound to drop but here we can see BCHBTC hitting a low in July 2022.
This is the same date when most altcoins vs tether as well as bitcoin hit a low.
Most of the market hit a low between May and July 2022, most of them on June 2022.
While bitcoin went on to hit a lower low in November, this didn't happen to Bitcoin Cash vs bitcoin and others ALTSBTC pairs, and in this way when we zoom out and look at the bigger picture, we will end up with both sections growing.
When bitcoin moves down for a retrace or goes sideways to consolidate, the altcoins will move up with massive force and retrace when bitcoin moves ahead.
This dynamic repeats until the end of the bull cycle takes place.
The trick is to be patience and trust that regardless of what is happening in the short-term, the long-term will end up with higher highs and higher lows.
Namaste.
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