Bitcoin Range Trading Continues (Smaller Altcoins Grow)

Bitcoin / U.S. dollarBitstamp

Description

⋅ Mar 15, 2022 11:32 PM

While Bitcoin continues with its sideways consolidation before capitulation, the smaller Altcoins are having their turn.

We have a big trading range, which is good for the Altcoins we trade.

The bears and bulls are fighting but the bears have the upper-hand.

The trend is down while prices are trading below EMA50 ($40,724).

Above EMA50, the bulls enter the game but still, $45,500 is the strong resistance that needs to be taken out for prices to grow.

Trading volume has been going lower...

Focus on the Altcoins.

The big Altcoins are the same as Bitcoin.
What Bitcoin does they follow (ETH, ADA, LUNA, TERRA, BNB, etc.)

Namaste.

Comments

Regynald

⋅ Mar 16, 2022 6:17 AM

Total contrast. One post is mass capitulation and the last post 3 hours ago is bullish. Which one is it Alan… you are offering people both scenarios minutes apart? Which is it - Capitulation or bullish as you are selling both?

AlanSantana

⋅ Mar 16, 2022 10:26 AM

@Regynald, What do you think?

Capitulation, bullish/bearish... Let us know.

This is the BEST possible scenario for the Altcoins.
Money that goes into Bitcoin will flow to the Altcoins once Bitcoin stops/takes a break or retraces... Which means massive profits/gains for us. :D

Thanks for your comment.

fi1tek

⋅ Mar 16, 2022 9:27 AM

Mate what about Chainlink? You think it goes down again when btc drops? I didn't buy because I also believe btc is going down to minimum 30k. Best regards

AlanSantana

⋅ Mar 16, 2022 10:25 AM

@fi1tek, Depends on the pair. LINKBTC and LINKUSDT can be different.

Normally the Altcoins can have a strong reaction if Bitcoin drops strong and also drop but then quickly recover.

Most (small cap.) Altcoins already hit new lows or changed trend already.

fi1tek

⋅ Mar 16, 2022 11:38 AM

@AlanSantana link/usdt is the pair I want to trade.

Mastane

⋅ Mar 16, 2022 3:41 PM

Thank you alan 🌹
👌👍