Bitcoin Retraces But What About The Altcoins?
We know many of you are really interested in the smaller altcoins...
The altcoins market continues to grow stronger and in bullish potential, here is what will happen next.
Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins.
Conventional analysts here talk about Bitcoin and Altcoins.
When they say Altcoins they are mainly referring to the big ones, the TOP10: ETH, ADA, LTC, TRX, BCH, EOS, XRP, USDT, BNB, and XLM...
(Not necessary the TOP10 but those with the biggest market cap.)
When we/I/us mention Altcoins, we are always exclusively talking about ALL ALTCOINS minus the TOP10.
When it comes to market capitalization and the bullishness of the market, we have to separate these bigger altcoins from the smaller ones for two reasons:
1) These bigger altcoins move together with Bitcoin (Bitcoin is now dropping strong, these as well).
Normally, we tend to see altcoins detach (move inverse) to Bitcoin in a bullish cycle... Right now, you can see the Binance and Bittrex altcoins growing, as well as those on other exchanges.
2) They do not behave as the smaller alts.
So we can see the altcoins chart (TOTAL2) full bearish and going lower while "the Altcoins Market continues to Grow".
Even with that said, they are still producing higher highs and higher lows, meaning that the entire market is now in full bullish mode.
What Happens To The Altcoins?
As I've said many times before, this is only the beginning.
Feel free to buy up on your favorite pairs.
Feel free to take your time to research, make your choice, buy and hold.
The cryptocurrency markets are very likely to grow for years to come.
This is Alan Masters...
Thanks a lot for your support.
Namaste.
The altcoins market continues to grow stronger and in bullish potential, here is what will happen next.
Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins.
Conventional analysts here talk about Bitcoin and Altcoins.
When they say Altcoins they are mainly referring to the big ones, the TOP10: ETH, ADA, LTC, TRX, BCH, EOS, XRP, USDT, BNB, and XLM...
(Not necessary the TOP10 but those with the biggest market cap.)
When we/I/us mention Altcoins, we are always exclusively talking about ALL ALTCOINS minus the TOP10.
When it comes to market capitalization and the bullishness of the market, we have to separate these bigger altcoins from the smaller ones for two reasons:
1) These bigger altcoins move together with Bitcoin (Bitcoin is now dropping strong, these as well).
Normally, we tend to see altcoins detach (move inverse) to Bitcoin in a bullish cycle... Right now, you can see the Binance and Bittrex altcoins growing, as well as those on other exchanges.
2) They do not behave as the smaller alts.
So we can see the altcoins chart (TOTAL2) full bearish and going lower while "the Altcoins Market continues to Grow".
Even with that said, they are still producing higher highs and higher lows, meaning that the entire market is now in full bullish mode.
What Happens To The Altcoins?
As I've said many times before, this is only the beginning.
Feel free to buy up on your favorite pairs.
Feel free to take your time to research, make your choice, buy and hold.
The cryptocurrency markets are very likely to grow for years to come.
This is Alan Masters...
Thanks a lot for your support.
Namaste.
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