Yes! Bitcoin sideways has been activated with a little 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 ).
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!
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.
Feel free to contact me anytime if you have any questions (@alanmasters).
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Wishing you a great weekend.