Bitcoin (BTCUSD) continues to do great and a new All-Time High (ATH) has been hit today, with more to come...
But, what will happen to the Altcoins?
How do we approach this market correction?
The altcoins and altcoins market has been growing massively since the year 2021 started.
Bitcoin took 2020 by storm but as we reached 2021 the Altcoins also joined the fun.
As Bitcoin stopped for a while and decided to consolidate, the Altcoins started to move and took most of the market gains.
As most of the altcoins go through a strong bullish wave, it is normal to see a retrace develop... After prices go up strong a classic correction takes place.
With thousands of altcoins growing every day... When the correction comes, money flows from Altcoins back to Bitcoin and we see how Bitcoins prices grow.
This correction can last 1-2 weeks at most for the Altcoins...
When the correction is over, Bitcoin will take a break and the Altcoins will continue to grow.
Right now we wait patiently... We will see a new higher low by many altcoins followed by more GREEN.
There is more... Leave a comment if you want to know!
Namaste.
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We end up with a higher low for both, Bitcoin and Altcoins, the growth can now resume.
We are in a bullish market.
Enjoy.
Namaste.
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New update... Here we mention both, Bitcoin & Altcoins.
is this post supposed to contain some information?
golamsaruar
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any idea about XRP in upcoming weeks?? Thanks in advance.
AlanSantana
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@golamsaruar004, I'll have a look in the near future.
Paarham
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Thanks,I was succesful in hodl more and less but I lost a lot in future trading! should I quite it and use spot trade?
George_Dre
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@Lucifer_333 I think u should use lesser leverage, maybe x2 to x3... Or just stick with spot trading. I trade regularly and despite my success, I don't trade futures