hasn’t been able to get out of the heavy , it is still just heavy for to move up. But the question is this, does wants to move up? What about the Altcoins?
is definitely not going up in the past few weeks but it also stopped going down. Lately, bitcoin [BTC]’s has been reduced to none, but not all is lost.
Hey Mr. Masters, but what about the altcoins?
The altcoins and are always correlated and in more than one way.
Right now we are seeing altcoins doing some really crazy numbers on some of the major cryptocurrency exchanges.
With in doubt and a bear market in full on mode, why would altcoins start breaking out all of a sudden this much?
This bullishness with the altcoins can be a signal that we are about to change trend or at least a very strong corrective wave up is coming… Whichever one it is, it is already happening… Let’s take a look:
ETHOS ( ). Does 200%+ Gains in a matter of days. The breakout was so strong that it took out EMA100 and reached all the way to EMA200.
also printed the highest bar ever. Dozens of times higher than January’s bull run . Chart:
Then we have , , and generating huge gains as well in a very short period of time, just to name a few. The for these is also pretty high compared to average and earlier action.
High on a weekend?
Super high on a weekend… Think about it.
The last time we had this type of signals coming from the altcoins, we had almost two months of green action…
To me this looks just like a warm-up, things will become really crazy (positive) later this year. But it is good to see action for the smaller alts with good momentum for a change, hopefully will follow.
You think the altcoins bullishness is a sign that market sentiment is changing?
You think is done going down or it needs some more?
Please share your comments in the comments section below.
Namaste.
Published at Sat, 19 Jan 2019 00:34:22 +0000
