Crypto Market - High Probabilities This Is The Bottom
High probabilities that this is the bottom with many altcoins and shitcoins bottoming and spiking up versus Bitcoin, it is only a matter of time before the big guys and the king Bitcoin to stage a move to the upside.
Explosive moves always superceded with low volatility, low volatility usually means there will be explosive move either to the upside or to the downside. With money flowing into altcoins and shitcoins, with high certainty we know that money is flowing INTO crypto and not out of crypto. The weak hands most probably have been shaken out with these bear market that may last for only 3 months. And with many people are bearish and shorting the crypto market. That itselt might be a contrarian indicator.
No reversal signs seen from the combined market cap of top 10 cryptos, most probably because Bitcoin is the largest amongst them. But if you look at even NEO and EOS, these coins already reversed and move higher.
It is only a matter of time. This might be the bottom for now (at least). We don't know what will happen in the super long term trend (yet). Long and bullish on the crypto market at this point of time.
Explosive moves always superceded with low volatility, low volatility usually means there will be explosive move either to the upside or to the downside. With money flowing into altcoins and shitcoins, with high certainty we know that money is flowing INTO crypto and not out of crypto. The weak hands most probably have been shaken out with these bear market that may last for only 3 months. And with many people are bearish and shorting the crypto market. That itselt might be a contrarian indicator.
No reversal signs seen from the combined market cap of top 10 cryptos, most probably because Bitcoin is the largest amongst them. But if you look at even NEO and EOS, these coins already reversed and move higher.
It is only a matter of time. This might be the bottom for now (at least). We don't know what will happen in the super long term trend (yet). Long and bullish on the crypto market at this point of time.
Note
Beginning of another bull run in the crypto. Enjoy making money and make enough money to survive another bear market in the future.Note
Rotational Play between the top cryptos where one by one will start moving up relative to BTC and others. By the end of this mini bull run. All of the cryptos will move together in sync and that will be the end of a bull run.If you want master this kind of skills. You need to understand how big whales/smart money/sharks operates. There is no difference between crypto and stock market. It is the same idea.
Distribution takes time and the whale needs to be patient in doing distribution to the retails, it will not happen overnight, it will happen over period of time. That is why the best way to make money is by following the smart money and not being smart by doing day trading or trying to find the top where you can short. Understand and follow the smart money/whales.
Note
The chart above already break above the wedge pattern. Bitcoin is going to break its wedge pattern also. This is a starting move and beginning move in the distribution and the mini bull cycle in the alts.Note
Whales and sharks are currently pushing the big guys, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. While Eos is resting for a while. If Bitcoin can break above 10000 USD then we might enter into another phase of bull run where more coins will make big and big moves. We have not yet seen massive pump where many coins are up 50-100% per day yet.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.