If you are into trading altcoins, you knew that it was a matter of time before Dogecoin (DOGEBTC) printed a candle just like what we are seeing now...
This is just part of the normal market cycle.
You can blame it on the news, p&d, or whatnot but that isn't the case... Every time, every year, after massive bearish action we get a very strong bullish wave.
After Bitcoin grows more than 10X... The altcoins follow...
This is what we have been experiencing for weeks. This is what you are seeing today.
It is the altcoins turn.
Enjoy the profits.
Previous chart:
Now, can there be more?
The answer is YES!
This is only the beginning, the altcoins market is switching from a bearish to a bullish trend. We will see higher highs and higher lows for very long.
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.