Altcoins vs Bitcoin, IOTX @1941% YTD Highest since Apr. 2019 &

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Everything we've been calling for has been happening over and over with Bitcoin and the Altcoins market.

We have extreme bullishness based on this chart and a few more details that we will be looking at below.

Take a few minutes out of your time and allow me to entertain you with cryptocurrency related and altcoins charts... Let's get started!

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IoTex (IOTXBTC) Grows by 1,941% in 2021 (YTD) | Hitting It's Highest Level Since 2019

I gave you a preview of what was coming to the Altcoins market by mentioning TRUBTC and REQBTC in the Bitcoin (BTCUSD) post...

The entire market is linked/connected, what one does the others follow.

IOTXBTC hit a low in January 2021 and a new bullish trend developed. This means higher highs and higher lows.

After a higher low, we now have massive grow with the highest volume ever and potentially more to come.

What does this says about Bitcoin and the rest of the Altcoins we look at/trade (Altcoins vs Bitcoin)?

We can look at this action in different ways but the main signals are as follow:

1) Bitcoin peaked. This is the first reason that can explain this massive growth. When Bitcoin reaches the end of its run, the Altcoins tend to jump strong.

This one we do not want to see or believe and the charts are giving us more information; this is not all.

2) New long-term bullish cycle for the entire cryptocurrency space. I am more of this view where the entire cryptocurrency market is setup for a long-term bullish run.

I've been mentioning this for a long time, many, many times, every day, every week, in the past, every month.

We have the Altcoins dropping, bearish, for multiple years after the 2017/18 bull run. They all hit new lows...

Just as prices go down, they can also move back up.
After multiple years of bearish action, 2021 brought new growth.
We are seeing higher highs and higher lows.

The way the charts are looking, this can continue going into 2022 and beyond. In fact, this can take 5 years or more for all I know.

When we have a bearish market, all pairs can easily hit (and did hit) new All-Time Lows.

Just as we hit new ATLs in the past, we can also hit new All-Time Highs (ATHs) when it is the bulls/green turn.

What about Bitcoin?

I can see Bitcoin (BTCUSD) clearly...
What will happen next, will prices continue to rise will they drop?

If you want to see a full analysis on the Bitcoin chart, give this post 200 likes and I'll tell you what I see coming from the charts.

Regardless of what happens with Bitcoin, the Altcoins will have their turn and continue to grow, in the least, for months.

Thanks a lot for reading.
Thanks a lot for your continued support.

Namaste.

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ملاحظة

Here we have REQBTC.

The case here is more extreme than IOTXBTC; better than IOTXBTC.

We can see the highest price/level hit today since November 2018.

١٣ أغسطس ٢٠٢١

ملاحظة

Thanks for the support.

Bitcoin (BTCUSD) on the Weekly (W) timeframe.

I really hope you enjoy the article and it help you somehow with your trading and simple for your learning and/or entertainment.

Namaste.