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AlanSantana
Nov 15, 2019 2:32 AM

Why Will Bitcoin Grow Now? Why The Bulls Will Win! 

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

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In a bullish market/bull cycle, altcoins go down while Bitcoin goes up.

Let me show you something that you are most likely very familiar with... The chorus goes like this:

  • When Bitcoin moves up strong, the altcoins tends to crash.
  • When Bitcoin moves down, the altcoins tends to crash.
  • When Bitcoin goes sideways, the altcoins tends to crash.


Lately, we've seen something quite different...

  • First. Bitcoin dropped 1000$ in one hit and the altcoins vs btc pairs held their support and some started to grow.
  • Second. Bitcoin started to grow and the alts remained the same and held their support.
  • Third. Bitcoin went sideways and the altcoins started to grow big time.


The difference is very clear and easy for all to see... So, what happens next?

Think the ALTSBTC pairs have a strong retrace and Bitcoin makes another jump.

What's your take?

Let's see how it goes.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDalanmastersaltcoinscryptobinancebittrex
Comments
UnknownUnicorn772665
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Bitcoin is dead in my opinion. It won't ever reach previous highs of $20,000 again
AlanSantana
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@Charlieab94, Very likely that it can happen next year.
UnknownUnicorn772665
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@alanmasters, Would you like a friendly bet on this? £50 gbp?
AlanSantana
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@Charlieab94, I am not into gambling.

But we can always look back and see how 2020 went when we hit 2021.

:)
UnknownUnicorn772665
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@alanmasters, Are you not confident in your analysis? Surely this bet is exactly the same as your long positions on bitcoin? Or are you not actually long bitcoin?
AlanSantana
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@Charlieab94, You can bet on BitMEX.

Namaste.
GaetanLpp
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@Charlieab94 never say never, our world is lead by growth. In a long term view we are only at the beginning of the technology and I think when one point is reach we always reach it again. You can see S&P, NASDAQ or other indice we are actually at the more hight point never seen. What do you think about that ?
GaetanLpp
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@ScratLpp @alanmasters
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