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AlanSantana
Sep 22, 2020 11:50 PM

Altcoins Market Update + Bitcoin Update 

BITTREX:BTCUSDT1D
Bitcoin / TetherBittrex

Description

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We are now seeing the altcoins printing higher lows and starting to resume their growth just as we mentioned multiple times.

The altcoins market is in a bullish cycle and this means sustained long-term growth...
Possible for years to come.

Note: Altcoins = All altcoins minus the TOP10/15.


Bitcoin Strong

Even though Bitcoin (BTCUSD) is dropping and giving out bearish signals, it is still VERY STRONG.

Bitcoin prices at $10500 are really good, early this year we were looking at a $3,000 USD Bitcoin... See how it is looking now.

Just as the altcoins retraced/corrected and printed a higher low, the same can be true for Bitcoin so stay tuned as there is more to come.

Feel free to hit LIKE to show your support...

And make sure to share your thoughts with us in the comments section below!

Namaste.

Comment

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BTCUSD short-term update:
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDTtethertetherususdtaltcoinsalanmastersbittrex
Comments
Spellbound
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Can I ask why you are not including the top 10-15 alt coins in your analysis? The small caps were completely decimated with this last BTC drop.
AlanSantana
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@Spellbound, Because the TOP10-15 altcoins move together with Bitcoin or create their own cycles.

The smaller altcoins move differently.

So you can see BTC and the top altcoins correcting while you see the smaller ones grow.

I hope that makes sense.

Namaste.
Spellbound
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@alanmasters, where are you seeing smaller coins grow my friend? All I see is 60-70% declines on small caps vs 10% on BTC / ETH.

Please give us an example of smaller cap coins thriving in this environment?
AlanSantana
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@Spellbound, I will give you some clues.

1) ALTSBTC
2) Higher lows (Many altcoins hit a low back in August 2019, they've been printing higher lows since)

60-70% Decline... By how much did they go up?

Check the results page on my website and have a look.

Just look at Bittrex, Binance, and KuCoin as explame, many of the altcoins pair there grew by 100%, 200%, 300%, 500%, 600%, and more since the beginning of the year... The number of pairs printing this type of growth is astonishing.

They will continue growing.
AlanSantana
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I know it is hard to see when you are not tracking these daily like me...

But the altsbtc pair have been growing for over a year now coming out of ALL-TIME LOWS...

Incredibly enough, many ALTSBTC pairs even printed new ALL-TIME HIGHS...

@Spellbound,
crypt0analyst_
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bullish long term!
AlanSantana
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@crypt0analyst_, Same here... We are before, during, and after the drop :D

Namaste.
BobRivera990
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The content was very helpful, thank you
AlanSantana
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@BobRivera990, It is my pleasure. Thanks a lot for the support.
ascendanto
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Many thanks.
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