ALTS /BTC PAIR CHART (Weekly): $BTC

Others (Alts) are still struggling in btc pair. This means Bitcoin continues to grow while alts are not able to outperform bitcoin.

Bullish part is that last two weekly Heikin Ashi candle shows it turned green. If this week’s closes again in green then it will be very bullish for alts.

Resistance: For confirmation it have to break resistance line near .14 as shown in chart.

Support: It should hold support .11 , otherwise we will see a drop towards multi year support zone 0.07 where we can see strong buying.

Conclusion: If you are holding Alts , than you have to understand this alts /btc relationship. It doesnt mean that alts will drop in USDT as well. If bitcoin break ATH and take quick jump towards $130k , we may see some weakness in alts btc pair.

This also doesn't mean we should sell alts, This is good area to accumulate