BTC Pairs Are About to Flip, Alts Going to Start Outpacing BTC
Several BTC pairs are showing signs that we have just hit the bottom and we could see a massive reversal starting around now. Tron is in the potential harmonic reversal zone, accompanied by the time target for wave-E, as well as bullish momentum and acceleration divergences, and a bullish divergent bar set is starting to form. We've also double bottomed off my previous bottom call, so now we're in a double harmonic PRZ.
With BTC hitting 10k we'll likely be seeing alot of new money coming into who will have a bias towards cryptos that have a lower price than BTC and that are still relatively "low" in comparison to their bottom prices. BTC breaking 10k will bring a lot more confidence into the market and investors will start taking bigger risks with their money and making more speculative bets. Also a lot of people who are now taking profit on BTC will be looking for somewhere new to park that profit, and with many alts still lagging behind BTC that money could flow into alts, especially as they start climbing and the FOMO ignites.
Also because the implied volatility is much higher in most alts, (for example XRP has a standard deviation that is 36x higher than BTC, and TRX has a 75x higher standard deviation than BTC at the end of 2017) alts will see much larger swings than BTC. This means in the long-term they will likely end up being far more profitable than holding BTC. This is also confirmed by my Elliott Wave projections on the USD charts showing that cryptos like TRX and XRP have much more profitable long-term price projections using the same forecasting methods between each pair. They may be taking longer to breakout of their consolidation phases, but the same thing happened in early 2017 before we went parabolic. There were many cryptos like XRP that didn't start pumping until BTC was already quite high relative to its low price in 2015. However, XRP and others still ended up being far more profitable than holding BTC, even if you had gotten in at the bottom on BTC.
With BTC hitting 10k we'll likely be seeing alot of new money coming into who will have a bias towards cryptos that have a lower price than BTC and that are still relatively "low" in comparison to their bottom prices. BTC breaking 10k will bring a lot more confidence into the market and investors will start taking bigger risks with their money and making more speculative bets. Also a lot of people who are now taking profit on BTC will be looking for somewhere new to park that profit, and with many alts still lagging behind BTC that money could flow into alts, especially as they start climbing and the FOMO ignites.
Also because the implied volatility is much higher in most alts, (for example XRP has a standard deviation that is 36x higher than BTC, and TRX has a 75x higher standard deviation than BTC at the end of 2017) alts will see much larger swings than BTC. This means in the long-term they will likely end up being far more profitable than holding BTC. This is also confirmed by my Elliott Wave projections on the USD charts showing that cryptos like TRX and XRP have much more profitable long-term price projections using the same forecasting methods between each pair. They may be taking longer to breakout of their consolidation phases, but the same thing happened in early 2017 before we went parabolic. There were many cryptos like XRP that didn't start pumping until BTC was already quite high relative to its low price in 2015. However, XRP and others still ended up being far more profitable than holding BTC, even if you had gotten in at the bottom on BTC.
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