MINA | Bullish Truly? Bitcoin vs Altcoins, Altcoins & CryptoHello my dear friends, is this truly possible? Can some altcoins really grow while Bitcoin moves lower? We are about to find out...
How are you feeling in this amazing new day?
Bitcoin is red today, not much but still the continuation of more than five months of bearish action; and this can lead to a new lower low.
The altcoins BTC pairings, such as MINABTC, are supposed to move against Bitcoin. When Bitcoin grows, these move lower; when Bitcoin shrinks, these move higher... This is not always the case.
We've seen how these tend to follow the major market trend. This time it is different though and this is something that does not happen very often.
I will not go into more details but just know that some pairs are bullish and can work as a way to protect your capital while the marketwide correction reaches its end and at the same time even profit.
MINABTC produced a major low in August and now volume is going up.
After a bearish wave we get a bullish wave.
A strong bearish wave is present on the chart and we have a green day today. It is likely that this pair can experience growth.
As usual, plan for all scenarios and stay strong.
Any negative action marketwide will resolve itself after a few months.
The altcoins will recover before and faster than Bitcoin.
Thanks a lot for your continued support.
Namaste.
