…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!
@toofasteddie
*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.
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