Not much has changed since the last analysis and the bears remain in full control of the BTCUSD 4H timeframe chart.
We are very likely to get a continuation of the short-term downtrend and see Bitcoin aiming at ~$50,000 soon. We can say it is likely to get there within 48 hours.
Altcoins Update
The Altcoins will continue to build up, speed up and grow.
Remember, all Altcoins minus the TOP ones (big market cap.) as these are either linked to Bitcoin or have their own unique cycle.
The rest of the Altcoins tend to move pretty similar with just a small time difference, some moving ahead of the others but all aiming at the same place.
Thank you for reading.
Stay tuned for more.
Namaste.
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On The Altcoins vs Bitcoin pairs...
If Bitcoin goes to the next support level there can be an initial reaction where they do drop, only at the beginning but then they recover soon and keep growing.
Retraces/corrections, shakeouts, peaks and valley's, higher lows will continue to be printed.
Each chart/pair is different and should be treated/trader separately. These generalizations are more of a general view of the market and not intended to make any type of decision.
We trade each pair separately based on the support and resistance levels and our stop-loss. Keep this in mind.
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There you go my friends.
Thanks to all those who supported me. I am very grateful.