Sideways Bitcoin = Altcoins Growth
My previous analysis on Bitcoin remains valid (you can see it below), we now proceed to take a look at the Altcoins growing more and more.
Bitcoin ( XBTUSD ) Moving Aries | $8.6 -$9k | Short-Term Full Moon
ALTCOINS Market Update
We enter mid-October 2019 and the altcoins market is now used to seeing green.
We are seeing so much action going on with the altcoins, that even the smaller capped ones, those seen on exchanges such as Poloniex, HitBTC, and Bittrex, are starting to produce really massive gains.
I am looking daily at dozens and sometimes hundreds of charts... This is what I am seeing:
- Growth that we haven't seen in years. Normally we would have a wave every few months just as we have a one. These waves produced nice gains but nothing compared to what we are seeing now. We are seeing really strong action for these altcoins with most of them bounce from new All-Time Low ( ATL ). This ATL is really important and a huge signal... Once the altcoins reached new All-Time Highs ( ATH ), they started to fall and went down for almost 2 years. So this is a bigger cycle... The bigger cycle is already on its way, so we are very likely to see the altcoins grow for years (hitting higher highs and higher lows all of the time).
- Indicators and charts giving out signals that are super . Normally we look at EMA10, as a basic and simple indicator, to gauge the potential of a chart. This indicator shows the average price in 10 periods... Now, we are seeing many of these altcoins pairs, some even bottomed out, above EMA50 and EMA100. When you see this... You know that the next move to the upside is going to be strong. Signals such as these are now common throughout most charts.
- I've shared many of our altcoins results... I hope you saw them... Some are already at 500%+, 400%+, 300%+, etc. And these are the ones we caught, there are many more pairs printing such gains with the charts looking like they can continue doing more and more...
Overall, this is just the beginning of the BULL CRYPTOCURRENCY MARKET... So just as we saw and benefitted from all these opportunities, many more will come.
Remember to stay calm and take your time before you make any decision related to trades.
If you rush you can make mistakes. But if you have patience, stop, go out, come back and check again, your mind will be clear and it will be easier to achieve success.
For any questions feel free to use the comments section below.
This is Alan Masters.
Thanks a lot for your continued support.