. 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.
@JacintoMonteiro, amen, cmoe futures come out and everything goes to shit, I have always hated in any market you can sell shit you don't even own, ready for all these fuckers to go broke
leanandmean2
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Seriously. Who is supposed to be the wise one here. You are asking every day people what is going to happen w Bitcoin. I have been on this ride since the great spike of last year and none of you so called experts have any idea where bitcoin is going. I understand why u put out this worthless info to try and get people to send u money. But honestly u are as clueless as every laymen is. If we do not get any new buyers into the market with lots of increased volume this show is over. If You didn’t cash in back in December you missed the party. Only winners right now to me are day traders. U might as well just throw darts at a board and see which on comes up to put your money on these traders don’t know any better either. Good luck to all I do hope this btc gig works out but I have lost a lot of confidence in it
carlosmcolon1
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@leanandmean2, if you feel as you say... stop following and take a hike.
@leanandmean2, I think you need to buy some Bitcoin, you will be happy in a few months and with plenty of money. :)
StephySanrio
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@leanandmean2, you prob didn’t have a plan, didn’t take profit, or lost money and now you are hating on this guy. Stop being so salty and maybe then good vibes will come your way. AlanmasTer isn’t asking for anything. If ppl want to donate they will. I’m sure his analysis have help a lot of ppl just maybe not you.
deactivatedaccount123
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@leanandmean2, he isn’t even asking people what’s gonna HAPPEN. He is asking people what their perspective is after he has shown the technicals. Alan is very wise and understands there is more to BTC than just price. There is a good reason the guy is a top poster. What are YOU doing for the community? Do you post multiple ideas per day that could potentially save someone a buck or make them some? Come on now bruh
mark2481
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@leanandmean2, sounds like you bought in at the ATH without any prior knowledge of the cryptocurrency market cycles and now you're salty af and taking to the forums to spread your negativity because you lost most of your money. You didn't make a million in a month like you thought you were going to make? It's been 6 months, why don't you give it a couple of years and see what your portfolio is like then. Pick your lip up off the floor. TA and FA are never 100% accurate but are used to guide you to finding an entry/exit point. You will have a much better time financially using this like Alan does than just throwing darts at a board.. Pick your lip up off the floor
I think its time to:
up up drop up up drop