I always look at the altcoins for signals as to what might come next with Bitcoin. The cryptocurrency market moves according to Bitcoin.
Bitcoin is the king! Bitcoin is the name of the game.
But with thousands of different projects/altcoins, you can also look at these for signals as to what might happen next.
The cryptocurrency market has been on bear mode since January 2018. Everything started to go down and have been going down for long. We saw decreasing volume all this time, and mention of 1K Bitcoin every single month.
Today we have Ripple (XRPBTC) moving up strong again.
The weekly chart above is very telling. XRP is highly manipulated and only moves when its time comes. Take a look at the weekly volume, it is the highest volume we've seen since January 2018.
The price increase is really, really strong. Over 120% increase in price for Ripple (XRPBTC) this week alone.
Here is what we have so far:
We have many major altcoins waking up, breaking up strong resistance and creating higher lows.
Ripple here is doing great. Generating massive gains. A breakout so strong, that points to more bullish action coming our way.
Bitcoin is gaining momentum as well after some volatility that we haven't seen in quite a while...
After 9 months of strong bear action, it is time to turn things around!
THE TIME TO BUY IS NOW. BITCOIN & ALTCOINS.
It can take several more weeks for the general public to understand, but we will have a bull run within 2 more months coming our way.
Thanks a lot for reading. I love you and I love your amazing continued support.
Please share your opinion with us in the comments section. You will be hearing from me more.
Namaste.
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Bitcoin Support and Resistance levels short term:
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There will be more from Ripple (XRPBTC) after the retrace. We need to watch it closely to see how much more momentum it has left...
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Check this thread out if you are looking for XRPBTC updates:
@Samoht10, It is there on the charts. 0.000111 was the last one.
NickPadovani
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Cool viewpoint. While this run was definitely impressive, as you mentioned, I personally see it as nothing more than manipulation at its finest. Dollars to donuts, I would venture a guess that the weekly will close below this red line. If it doesn't, then hell, I might start having more confidence in this market, but I'm perpetually fearful that it's going to just keep dumping down. For the long term investors, I think that's plenty fine, but I find there's often many irrefutable signals that will point to continued bearishness time and time again. Sorry, I don't mean to play devil's advocate on your chart or anything, I just think it's something worth acknowledging, because I feel like this is the point in which the average invest will start gearing up to buy, and they will once again be disappointed.
AlanSantana
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@NickPadovani, Let's see how it goes when the week closes.