Altcoins Market Update | Bitcoin Is Solid & Strong

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin Is Solid & Strong

Yes! Bitcoin sideways has been activated with a little bearish tendency. Bitcoin has been moving lower while consolidating since it hit a peak on the 26-June... Ufff, time does not fly...

So Bitcoin went from ~$3,200 all the way to ~$13,900 in 6 months...

Since June until today Bitcoin moved from a peak of $13,880 to a strong $10k... 3 months and Bitcoin is only showing a "normal" retrace, about 39%... Which is great compared to 329% growth (from $3,230 to $13,880 on BitStamp ).

So we now know for sure that Bitcoin is solid and strong, so it is time for the altcoins run...

Altcoins Market Update

Yikes! The altcoins are already paying and paying big... The reason we go for altcoins vs Bitcoin is because of their size...

Bitcoin is small compared to conventional assets, but if you compare Bitcoin to the cryptocurrency market altcoins, Bitcoin is BIG while the altcoins are SMALL.

If you have a good eye, confidence, and trust, you can find many opportunities looking at the smaller projects that are coming up.

So we focus on the altcoins because they offer higher profits potential and endless opportunities for all of us.

The altcoins market is already producing great results... But we are only getting started... We are still trading near the bottom, for most pairs... We will be enjoying growth/profits for years to come.

Feel free to leave a comment and share your thoughts about Bitcoin , Altcoins and the Next Cryptocurrency Bull Market Run!

Comment: Really strong bullish action developing for Bitcoin right now and the altcoins market stays green...

A close above $10,300 would be good on the 4H.

Above $10,450 would be really good and can signal that Bitcoin will go higher.

But if instead the 4H candle moves lower and closes below EMA10 ($10,068)... The bearish/sideways action continues...

Thanks a lot for the support.
Comment: The green area on the chart is the sideways action range... We should see BTCUSD do some more sideways.
Comment: Today's charts... Trades inside...
Feel free to contact me anytime if you have any questions (@alanmasters).

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Wishing you a great weekend.

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Related Ideas


thank you for your work
something you should pay attention to
+1 Reply
alanmasters CryptoBullet
@CryptoBullet, This is a great idea, thanks a lot for sharing.
alanmasters CryptoBullet
@CryptoBullet, One indicator alone can be harmful at times, I don't trust the NVT indicator much.
alanmasters CryptoBullet
@CryptoBullet, I think Bitcoin will move up long-term... For sure. :)
CryptoBullet alanmasters
@alanmasters, me too, that is just something to keep in mind and don't go all in, and use low leverage if trading btc:)
alanmasters CryptoBullet
@CryptoBullet, Absolutely on the leverage...
It's interesting how we use different tools and got the same bottom line ;)

Actually I had some unusual idea last night, I'll love to share it here with you, feel freeeee to share your insights with me
@josque, Thanks for sharing... I'll see if I can watch the whole thing.

Any new suggestion above 33?
alanmasters tahami.a
@tahami.a, Will share new one soon.
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