Bitcoin Retraces? Altcoins Market Update

BINANCE:BTCUSDT   Bitcoin / TetherUS
We now have Bitcoin (BTCUSD) fully retracing with a full bearish candle close below EMA10, signaling that prices can easily continue lower... But, what happens to the altcoins?

In our view, we have mainly three markets when it comes to Altcoins vs Bitcoin.

  • First (1), we have Bitcoin vs the Dollar (BTCUSD).
  • Second (2), we have the Top10 Altcoins (ETH, XRP, BCH, BSV, LTC, USDT, EOS, BNB, TRX).
  • Third (3), we have the Altcoins, which comprise all the altcoins minus Bitcoin and the TOP10.

When I mention/write "Altcoins" here, I am always referring to #3

The Altcoins Will Continue To Grow

This is my view at the moment.

Regardless of what happens with Bitcoin or nuclear war, the altcoins will continue to grow... And even though it might sound a bit harsh, if you take a closer look at it, it is already happening, you confirm it by checking out the results.

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