We are looking at all the altcoins as usual and I found some interesting charts.
Many of these ALTSBTC (Altcoins vs Bitcoin) pairs are showing a short-term bearish bias which translates to bullish for BTC.
As Bitcoin moves above EMA10 and EMA21, these altcoins are moving below.
When Bitcoin (BTCUSD) takes off and moves strong, the Altcoins tend to have a strong rejection and drop.
This altcoins drop is just a correction/retrace, no need to worry...
It will end up in higher lows, with some exceptions ending in lower lows, and the recovery is much stronger when Bitcoin takes a break.
Notice the really huge volume in the past 3 days...
This is good news.
Bitcoin will grow and the Altcoins as well.
Namaste.
Many of these ALTSBTC (Altcoins vs Bitcoin) pairs are showing a short-term bearish bias which translates to bullish for BTC.
As Bitcoin moves above EMA10 and EMA21, these altcoins are moving below.
When Bitcoin (BTCUSD) takes off and moves strong, the Altcoins tend to have a strong rejection and drop.
This altcoins drop is just a correction/retrace, no need to worry...
It will end up in higher lows, with some exceptions ending in lower lows, and the recovery is much stronger when Bitcoin takes a break.
Notice the really huge volume in the past 3 days...
This is good news.
Bitcoin will grow and the Altcoins as well.
Namaste.
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