Altcoins Market Growth Is A Bullish Signal for Bitcoin!

Bitcoin had a nice bounce from the support level around $5,800. After this bounce, the entire cryptocurrency market loaded up on some green/bullish momentum.

We are seeing altcoins go up 10%, 20%, 30%, 50% and more, in a matter of hours, only after Bitcoin bounced strong from the price level mentioned above.

Now, it is obvious that Bitcoin is not yet out of the bear hands but we have early signals that the bulls might be taking control soon. Another good signal is the altcoins market growth.

In the past few weeks, each time Bitcoin had a bounce, the alts would not move as they are doing now, instead they would just keep on going down or move slightly up to continue their decline... Not this time.

After Bitcoins Bullish Engulfing Pattern, the alts went 'nuts', to the green. This is a bullish signal for Bitcoin and the entire cryptocurrency market.

The market makers/controllers are very smart, you can tell by how well they can manipulate the market. If Bitcoin was going to tank and everything would keep on going bear down forever, then there would be no reason for all this buying. Having this in mind, the Altcoins market growth can be taken as a bullish signal for the entire cryptocurrency market and thus for Bitcoin.

So expect Bitcoin to grow slowly, while the Altcoins take some of the attention and go on a run. This Altcoins market huge green cannot happen with the market as it was just few days ago. This tells me that something good, green, for us is about to come.

What's your take on this signal?

I am really looking forward to your point of view on this in the comment section below. We always have lots of fun chatting, so tell me what you think will happen in the next few weeks to come.

Namaste.

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We are tracking Bitcoins movement here:

Feel free to come by. I believe we will see movement after Monday, on Tuesday/Wednesday with lots of sideways in between.

We will see how that goes.

All comments are highly appreciated.

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We are already challenging the EMA200 price line on the 2h chart, this is good but we need to break above it and remain above it... Trading day closes in 20 minutes, which also closes the monthly candle:

2h:

1m:

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Trading day closes in 30 minutes, which also closes the weekly candle... Let's see how it goes.

I still believe in positive movement in the coming days...

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We are moving positive.

The Altcoins market is in good green and the charts are pointing to more.

I will be posting a new update for Bitcoin soon.

Thanks a lot for reading.

Thanks a lot for the support.

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Bitcoin To The Moon Pt.4: