The Bull run will be driven more by the altcoins...
...than by BITCOIN side...
People may think that is an obvious aspect since nowadays everybody is aware how major altcoins as LITECOIN or BINANCE have been performed lately...
But I remember that I envisage this behavior some weeks ago already and seems that they are accomplishing the prevision to the perfection...
However, why am I saying that ALTCOINS will lead the Crypto Bull more than BITCOIN?
What it happened in the past was essentially the contrary. BITCOIN lead the grow and after consolidating its growth acceleration there was a huge transfer from BTC to the ALTCOINS.
But this time seems to be different, altcoins seems to grew while BITCOIN is at a steady situation, so, mainly the money entering in the crypto market is going purely to altcoins, being LITECOIN one of the destination of that money flow.
The candle chart of the total crypto market shows an apparent uptrend condition, worth to say that a pattern reaffirming that condition is appearing as well:
The expected target of that Inverted Head and Shoulder pattern projects a Total Market growth to the 180 Billions if it is triggered (breaking the neckline), that would be 29% more than the current Total Market value.
Altocoins chart show a similar pattern but with a more pronounced uptrend:
The projection of the same pattern launches an increase of 36% in total market for the altcoins excluding BITCOIN and also, the trend for the 50/200 DMA shows a cross 2 weeks earlier.
In any case, seems we are very close to a reversal condition...
April and May are going to be very interesting months.
Enjoy!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
sounds natural and logic, i'm playing both fields, but mainly btc
There are plenty of self sustained projects and not too many ICOs nowadays thus we can say that the altcoin market has become more mature and it is not that much speculation only as before. Bitcoin will still be number one for many years in my opinion, but it will be the rich people's crypto as well. For the majority, alts will be the main investment target thus being more careful in what they pour they money. I've been burned with NXT in December 2017 and I am not investing not 1 cents in such cryptos. I don't see the point of comparing anymore the current cycle with previous ones. Things are changing very fast in this environment and fundamentals as well. If we will have a bull run this year I believe that the BTC dominance will fell to as low as 20%.
Most altcoin growth is independent on the big pin market growth who h is good for the crypto space and I beleive litecoin will be very bullish this year of its viability and potentials
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
Hi @toofasteddie!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.092 which ranks you at #3449 across all Steem accounts.
Your rank has dropped 15 places in the last three days (old rank 3434).
In our last Algorithmic Curation Round, consisting of 214 contributions, your post is ranked at #42.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server