Please please dont provide those bullshit analysis. Its only use for stock market and forex trading. In this field there were no counter or pairing that dominance like BTC. That analysis is for reference only!!!
Open your eyes with multiple chart on !!! There will be no uptick or downtick without any movement of BTC. I give you two example $PENGU and $BIO ...dont tell me its gone to move up by itself. If BTC on the peak that coin wont go anywhere because once BTC down it gone to push this two coin deeper. One other thing the ratio of BTC to other coin differ from one to another and its a big gap. If BTC and other coin moving up together once on the downturn BTC with leave that coin far behind when it come back to earlier position.
The dominancy of BTC make this crytocurrencies world differ from other marketplace. Once again please monitor multiple chart then you will understand what i mean. Dont give a false hope to others.
Look at the chart !!!! all are exactly the same pattern. What does it mean? The movement of the chart are following BTC pattern. The different is only pump and dump!!! How long the candle...push up one level follow back trend or dump one level then follow back the trend. It shows how the mother of all coin dominance.
Dont ever expect a bull run on this particular situation.
- BTC on the top of daily hi lo.
- No market news or speculate
- Holiday, celebration, new year etc.
If you is a market analysis...please put this together. example..Applicable if BTC have a possibility for bull run... BTC on daily low, good market news or look at the other market condition. What a pity to new trader loosing money following your analysis.
