Big correction or new bull market?
Updated
Few people believe that we can still be in the bear market on Altcoins against BTC. This can still be just a correction. We still haven't beat WMA 200. We can see a bearish divergence on RSI. The Fear & Greed Index is 83. In order to talk about the bull market on Altcoins versus BTC, we have to overcome the Invalidation level Bearish scenario (red), WMA 200 and the bold black trend line.
Note
I am currently expecting a continuation of the bullish scenario and testing the peak, then it will be decided whether the altcoins will continue to grow or will fall against BTC.
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