✳️ Horizen Strong 45% Bullish Breakout, Why? Time To Trade!Horizen (ZENBTC) just produced a very strong 45% bullish breakout: Why is this happening?
Many Altcoins are going through the same.
Many Altcoins are now moving up two and even three digits in a single day, but the question is why?
The Altcoins market is about to enter a very, very strong bullish wave.
There is so much money entering the market through Bitcoin, that this energy will soon reach all sectors of the market.
When Bitcoin grows really, really strong, as it did already by going up for a massive 448 days, the Altcoins that were left behind will start to shine and this is as normal as it gets.
The reason why this pattern is not obvious is because it only happens once every 4-6 years, so not everybody will be able to spot it right away. But you can look around and you will find many pairs moving up.
How can the Altcoins grow when Bitcoin drops?
Just one example, ZENBTC.
➖ ZENBTC has been moving DOWN while Bitcoin moves UP.
➖ If Bitcoin moves DOWN, ZENBTC can move UP.
Hundreds if not thousands of pairs are trading near multi-year lows as Bitcoin is trading at a multi-year high... Do you understand?
When Bitcoin moves down these will move up because they have been moving in reverse.
The top Altcoins and those correlated with Bitcoin will move down but keep in mind that there are tens of thousands of pairs. The TOP20-30, maybe more will crash with Bitcoin, that's ok. The tens of thousands of smaller ones will grow even if the initial reaction is negative —the proof is in the charts.
ZENBTC hit bottom and it is just now moving up.
Bitcoin hit bottom in November 2022, so you cannot conclude that this one cannot grow if Bitcoin drops, it doesn't make sense. We have to look at each chart individually, we have to be smart to get it right. All is not black and white. Remember the colors and tons of shades of gray.
Some can grow, others can consolidate, others can retrace, others can crash and so on... The colors... Everything can happen and will happen at the same time because this is not 2022 anymore, this is the bull-market year, 2024.
In 2024 the Altcoins market will grow.
Growth will continue all the way through a portion of 2025.
Yes! There will be corrections but again, this is accounted for and that's ok.
Bitcoin's correction will result in a higher low... Can you remember just 5-6 months ago? People were saying Bitcoin was headed for 11K and now nobody can belief that a simple correction can take place.
Get real!
Wake up!
It is time to trade.
Namaste.
