Today CoinMarketCap shows how bitcoin is not really moving (0.01% in green ATM) but altcoins are starting the party! Or maybe not!?
Well, let's check the largest one - ETH +4.16% up daily ATM.
Ethereum looks bullish on daily also:
- strong divergences on different indicators (1day)
- nice price action with a higher low (3rd one)
- whales manipulation on the downside for deception (false breakdown)
So what's the logic here? Crypto markets are lead by big players (whales).
Since they know it's not the right time for them to push BTC price in one or other direction too much (due to healthy consolidation time) they will probably play the alts.
Especially the ones that have enough volume where ETH is a clear leader. At least they could do it for a bounce and take the profits if not really changing the midterm trend also.
"If you can not beat them, join them!"
This is just an idea. Not investment advice!
Well, let's check the largest one - ETH +4.16% up daily ATM.
Ethereum looks bullish on daily also:
- strong divergences on different indicators (1day)
- nice price action with a higher low (3rd one)
- whales manipulation on the downside for deception (false breakdown)
So what's the logic here? Crypto markets are lead by big players (whales).
Since they know it's not the right time for them to push BTC price in one or other direction too much (due to healthy consolidation time) they will probably play the alts.
Especially the ones that have enough volume where ETH is a clear leader. At least they could do it for a bounce and take the profits if not really changing the midterm trend also.
"If you can not beat them, join them!"
This is just an idea. Not investment advice!
