Bitcoin Gone Sideways = ALTS/BTC Time | Altcoins Market Update
Updated
Bitcoin (BTCUSD) has gone sideways after its last bullish breakout... While we were expecting a breakout to the upside, others expecting a breakout to the downside, neither took place.
Bitcoin continues going sideways within a range and the altcoins market solidifying its change of trend.
Looking at the altcoins (all the altcoins pairs vs bitcoin [ALTS/BTC], minus the top 10), I am seeing a market-wide change of trend.
Altcoins market update
Most of the altcoins pairs (ALTSBTC) are now growing and in positive trends.
This and last week some of the strong pairs removed all gains in a strong correction but most of them managed to close above their last low in late September.
The pairs that hit new all-time lows still managed to produce a weekly/daily close that is higher than the last low while at the same time strong bounces are taking place sending these pairs back up flying... Now, these are the minority.
The majority of altcoins are now in the positive and printing higher lows after strong higher highs. The uptrend has been confirmed for most of the altcoins we are analyzing/trading/tracking.
The altcoins market continues to heat up...
I am seeing lots of consolidation, lots of buying, no seller pressure... Another strong bullish wave is about to come.
Get ready... This one will be bigger than the last one.
Namaste.
Bitcoin continues going sideways within a range and the altcoins market solidifying its change of trend.
Looking at the altcoins (all the altcoins pairs vs bitcoin [ALTS/BTC], minus the top 10), I am seeing a market-wide change of trend.
- We are going from bearish to bullish.
- From a bear market to a bull market.
- From downtrend to uptrend.
- From red to green.
- To profits from loss.
- To growing after a fall.
Altcoins market update
Most of the altcoins pairs (ALTSBTC) are now growing and in positive trends.
This and last week some of the strong pairs removed all gains in a strong correction but most of them managed to close above their last low in late September.
The pairs that hit new all-time lows still managed to produce a weekly/daily close that is higher than the last low while at the same time strong bounces are taking place sending these pairs back up flying... Now, these are the minority.
The majority of altcoins are now in the positive and printing higher lows after strong higher highs. The uptrend has been confirmed for most of the altcoins we are analyzing/trading/tracking.
The altcoins market continues to heat up...
I am seeing lots of consolidation, lots of buying, no seller pressure... Another strong bullish wave is about to come.
Get ready... This one will be bigger than the last one.
Namaste.
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