I can see many alts moving into the positive and suddenly, last time this happened Bitcoin grew in price from $5850 to $8400+. Is this the second round?
Another wave up is coming!
TIME TO BUY BITCOIN and ALTCOINS! (First recommended back in Mid August)
Altcoins going up can be a bullish signal for Bitcoin, but why?
Smart money/traders/buyers/investors/whales will never buy when the market is about to go down, or else they wouldn't be considered "smart". Instead, they buy at the bottom, right before the market turns green and starts to go up. So, each time I see the altcoins going up strong for no reason, with Bitcoin sitting around strong support, I take it as a signal that Bitcoin might be moving up in a new up wave.
I just wanted to mention this, since I am seeing some coins wake up that have been sleeping (going down) for a while now.
Please share your thoughts with us about this, or about the market conditions in general for Bitcoin and the Altcoins, in the comments section below.
Thanks again for reading...
Alan Masters here...
Namaste.