🅱️ 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.
