The same dynamics present on the LOOMUSDT chart are present here on LOOMBTC, the difference is in the potential and of course, Bitcoin vs Tether. Some people like BTC pairs (ALTSBTC) while others prefer USDT pairs (ALTSUSDT).
People tend to levitate towards USDT pairs because it is easier to calculate, which means that experienced players will focus more on the BTC pairs. The name of the game is Bitcoin, so it is only normal to learn and calculate those. They tend to move less frequently when it comes to the bigger cycles but it is worth the wait when their turn comes.
For LOOMBTC we have a falling wedge, higher low... Same dynamics.
3-Jan we have a long lower wick on the candle with low volume and as a bounce happens today volume starts to grow... This might be near the correction low by the way, huge potential on the way up. Details on the chart.
Namaste.