🅱️ Bitcoin Sideways Bullish Altcoins | Altcoins Market Update We have two main set of Altcoins:
1) Altcoins vs Tether (ALTSUSDT)
2) Altcoins vs Bitcoin (ALTSBTC)
These two sets can be further divided based on size/market capitalization.
✔️ ALTSUSDT
1) Within the ALTSUSDT we have the TOP20 Altcoins which move together with Bitcoin and some have their own cycle.
2) We have the medium sized Altcoins that move together with the broader market.
3) We also have the smaller Altcoins projects which tend to move when the market is confirmed bullish and when Bitcoin and the bigger Altcoins enter their consolidation phase (also called accumulation or sideways).
✔️ ALTSBTC
1) Within the ALTSBTC we have the same TOP Altcoins that tend to have quite unique charts.
2) The rest of the ALTSBTC tend to move together as a group and together with the overall market cycle but with a slight delay. The chart patterns can be different compared to ALTSUSDT but the major trend is always the same.
The Altcoins are growing because Bitcoin has been going sideways for 3 weeks straight.
When Bitcoin goes sideways within a bull-market the Altcoins become extremely bullish, notice that this only happens within a bull-market.
If Bitcoin went sideways in a bear-market the Altcoins would still crash.
Bitcoin broke above EMA50 and EMA100 weekly with the same candle mid-march (week 1) and has been 100% literal sideways since.
Bitcoin has never ever, in the history of the Cryptocurrency Age broken above a major resistance level, after a very strong bullish breakout, after months of consolidation just to break down and hit new lows.
Bitcoin is preparing for a major, massive move up.
With tens of thousands of Altcoins growing vs Bitcoin, once the tens of thousands of Altcoins stop and enter correction mode, the money will flow from these Altcoins back to Bitcoin and Bitcoin will move to hit a new high.
That is as simple as I can share it... I hope you understand.
Whatever the "market sentiment" is saying, aka the News, this doesn't change what the market is really doing today.
The Cryptocurrency market is growing...
It has been growing for weeks, for months and some pairs hit bottom almost a year ago now... Some Altcoins have been growing for years... WAKE UP!
Namaste.
Altsbtc
BTC Dominance (Another Mini Altseason?)💎Technical Analysis Summary💎
BTC.Dominance
-The BTC Dominance chart level has reached my previous target
-The Dominance 41 level is the support last June 7 before a run-up
-The price is reacting to this area but not enough data to back up for a reversal
-If the BTC Dominance level holds this area for a few days
-Then expect a potential bounce up to 42-43 levels
-And on the other side, a fail below this support will lead to testing the 40 level
-Definitely, I want to see BTC Dominance drop to a lower low
-Because the Altcoins will perform stronger in the coming days or weeks
-But still, be cautious and only trade those coins have strong momentums
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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BTC/USD (EMA19 Acted Support Again?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the EMA19 as the price is bouncing up
-We can see a descending bullish pattern
-The only confirmation for this is an upside breakout
-Many altcoins are now recovering from their recent pullbacks
-If BTC will remain stable until the weekend
-Things will be looking good for the crypto space
-Good luck everyone and make sure to trade those strong coins
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
Alts Final Peak PossibilityGood morning high risk traders :)
Some more evidence to suggest alts peak still on horizon. Not financial advice. High risk.
BTC holders could potentially look for final gains by buying cheap alts compared to the value of their BTC. There is more opportunity for them than to cash out BTC to fiat.
ALTS Preparing For Correction, After tht 1Trillion Dollar MCAP.Hello Dear Traders,
In last Post i disscussd about btc trading in falling channel.
Now we will discuss what's cooking in ALTS MARKETCAP, In chart u can see when alts mcap tested 880B Mark immediately we seen sell off in alts.
on daily timeframe big red candle formed and after tht quickly alts regained bullish momentum.
BTC dominance Tested 55%, Dominance below 60% is great for alts. bt as we seen frm so many days dominance was continuously drooping finally when it tested 55% mark we seen solid support. i m expecting BTC dominance will rise from here and test again 60% mark.
Alts mcap is also looking very much exhausted, we need healthy correction, next strong demand will come at 650B mcap.
after tht alts will again pump hard and will cross iconic 1 Trillion dollar marketcap.
Dont go heavy in alts, wait for correction.