I wanted to show you this chart recently but there were no signals, it was just too early. On top of the charts I follow my intuition, but I don't like to take it too far; I keep a balance. And so I decided to wait.
Bitcoin has been weak and going down but we have a positive signal today. There is some bullish action. While this is nothing out of the world, small and short-term, this is more than enough to support the altcoins market to grow.
If Bitcoin crashes too fast and too hard then the altcoins would stop recovering and suffer as well. This move we are seeing today is great, because it will support all the pairs we've been sharing in the past few weeks.
➖ When Bitcoin grows 10%, the Altcoins grow 50-70%. ➖ When Bitcoin grows 20-30%, the Altcoins grow 150-200%. ➖ When Bitcoin grows 50%, the Altcoins grow 300-500%.
If Bitcoin grows say 100% to 200%, the Altcoins can grow anywhere between 500% and 2,000%. Some go much higher as we know by looking at the charts from the previous bullish wave and past bull-markets...
This takes us to Skale Network (SKLBTC); the bottom is in!
👉 We have an easy target of +200%. 👉 Do-able, within several months, this pair can grow beyond 545%.
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