AlanSantana

What To Look For? +Altcoins

AlanSantana Updated   
BITSTAMP:BTCUSD   Bitcoin
It is the trading volume that gives it away.

We do have higher lows compared to February and January but what gives it away is the volume.

Notice 16-17 April Bitcoin's daily trading volume was really low.

As a reversal started to happen April 18 the volume started to grow.

This is great news because we are expecting the Altcoins to continue with their growth (higher highs and higher lows).

If Bitcoin goes down too much, too strong, too fast the Altcoins fail regardless... Each time Bitcoin bounces and recovers, remains range trading, this signals that our Altcoins will continue within their bullish phase.

While Bitcoin grows 10%, the Altcoins can do 50 to 60% and much more on each wave...

This is not financial advice.

Remember to always secure profits on the way up (sell small portions as prices grow).

Remember to rebuy and reload when we hit support.

Patience is key.

That's all you need.

Namaste.
Comment:
Important from March 22
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My view

Bitcoin will continue sideways for as long as it is necessary until the capitulation phase comes.

We can see prices break the $45.8K resistance and hit $55K up to $57K but very unlikely it will hit any more.

We can see drops and swings down to $40K, $35K, $33K, $30K and even lower in the months to come... Just to move back up and keep ranging while the altcoins grow.

The Altcoins will need until April/May for the entire bullish wave to be completed.

The capitulation will only take a few days... A few hours at the bottom at the most.

Thanks a lot for your amazing and continued support.
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