Alt coins are About to pump again!

[Cryptornd]

Look at Eth/Btc Chart. looks like it has found the bottom. i see a clear uptrend towards 0.08. In this case alts can be pumped too. so keep your eye on At Altcoins. This could bebthe start of a relief rally. but i dont think so that will be oump towards ATH. expecting just a relief rally only.
 

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[mk4]

The lowest point of ETH/BTC this year was like what? 3 days ago? And now that it bounced you're already coming to conclusions that it's already the bottom? While not impossible, you're being a bit hasty there mate.

[Cryptornd]

The lowest point of ETH/BTC this year was like what? 3 days ago? And now that it bounced you're already coming to conclusions that it's already the bottom? While not impossible, you're being a bit hasty there mate.

nope sir. i didnot mean the lowest point. but at the point i see a possible Bottom here. you can check the 1d chart. you will see something

[jackg]

you can check the 1d chart. you will see something

Potentially.... But I can see a few things (on the 1h chart). One is the rise you're predicting, another would be a drop and retest of 0.054 - I'd take caution when trying to call these things in either direction if I were you. I think bitcoin has to do well price wise for alts to also do well so this is a speculation on a speculation.

[mk4]

nope sir. i didnot mean the lowest point. but at the point i see a possible Bottom here. you can check the 1d chart. you will see something

Bro. Again, you might be right (though I'm not betting on it), but you seriously can't make conclusions only based on this microscopic "bounce".

 

[Nrcewker]

Look at Eth/Btc Chart. looks like it has found the bottom. i see a clear uptrend towards 0.08. In this case alts can be pumped too. so keep your eye on At Altcoins. This could bebthe start of a relief rally. but i dont think so that will be oump towards ATH. expecting just a relief rally only.
 

First of all this doesn’t mean than ETH can’t go down further.
Moreover the alts will only blow up, when BTC catches the gear.
Yes ETH also plays an important role in the market, but the market will only follow when BTC climbs.
Also this bear market might last more 4 weeks. So till that point of time, we will everyday see the market in red.
This is the time we need to just wait and show patience, then everything will be fine.

[Mr. Magkaisa]

nope sir. i didnot mean the lowest point. but at the point i see a possible Bottom here. you can check the 1d chart. you will see something

Bro. Again, you might be right (though I'm not betting on it), but you seriously can't make conclusions only based on this microscopic "bounce".

 

On this illustration in the graph I think it just only pump, that is why it quickly dumped at once, and of course the one who did this was one of the whale investors of course. They are truly blessed in terms of money. While us is waiting for spiking the price in the market for us to get the earnings so far here in the cryptocurrency.

[GreatArkansas]

For me, the move of ETH/BTC is almost the same as Bitcoin right now. But instead of buying Bitcoin, I rather buy Ethereum.
Speaking of the bottom, I am still not sure this time because there is still a possibility we will test again the recent bottom around $17,000. So I am expecting to visit the $18,000 - $20,000 if it will not happen, then for me, I can consider the $17,000 as the bottom now.

[Rufsilf]

Look at Eth/Btc Chart. looks like it has found the bottom. i see a clear uptrend towards 0.08. In this case alts can be pumped too. so keep your eye on At Altcoins. This could bebthe start of a relief rally. but i dont think so that will be oump towards ATH. expecting just a relief rally only.
 

Just like in the old days, Altcoins will tend to follow as Bitcoin will do the pump. This was the sentiment that we are looking for now and quiet to say that we are near to it (pump). This is the reason why we don't be negative about the downtrend as to know that the market isn't always on the high level, it will also dump to give an opportunity. Now, as the market loos good and moves high, it will prove that the market is alive, not dead as many says.

I don't see myself that I was relieved, it was just how the market moves, and expected moments.

[Bhig Daddy]

Well you have a point, but don't u think it to early to start getting into conclusion. You are making conclusions already based on a bare microscopic bounce. Well let all wait and see, at least for few more weeks.

[mk4]

On this illustration in the graph I think it just only pump, that is why it quickly dumped at once, and of course the one who did this was one of the whale investors of course. They are truly blessed in terms of money. While us is waiting for spiking the price in the market for us to get the earnings so far here in the cryptocurrency.

How do you even come to the conclusion that it was caused by a whale lol? People always blame whales for whatever price movement, forgetting that it could also most likely be simply people collectively buying or placing long positions.

[palle11]

The assumption by Op is so direct as if he saw tomorrow lol. Is still a prediction even when the indicators support that and he didn't provide such so we can see the analysis he is making. I think the bear is taking so many people a long time and the waiting is getting on them alot but then the 2018 bear lasted a longer time than what we have yet seen. We probably didn't see this coming because bitcoin flew to $64k.

[jackg]

For me, the move of ETH/BTC is almost the same as Bitcoin right now. But instead of buying Bitcoin, I rather buy Ethereum.
Speaking of the bottom, I am still not sure this time because there is still a possibility we will test again the recent bottom around $17,000. So I am expecting to visit the $18,000 - $20,000 if it will not happen, then for me, I can consider the $17,000 as the bottom now.

Are you actually buying eth now? Are you not worried about speculating on it for when the eth staking stops (just in case large amounts of eth are dumped on the market over a very short space of time - it might not happen but I'd consider it quite a risk on most cryptocurrency's pricing).

[Falconer]

Bro. Again, you might be right (though I'm not betting on it), but you seriously can't make conclusions only based on this microscopic "bounce".

That conclusion will only help him (perhaps) because so far not many people are really convinced to say the altcoin rally post bitcoin correction price to $17.7K has started. I doubt about the altcoin rally, this is probably a normal situation for the post-correction recovery trend. So since we still believe there will be two sides to consider, then not betting is a good option.

[shushu9977]

It is good for trader that almost all coins are pump, but this is going so fur or it will dump again. We see that there are many times, everycoins aredump at the lower order, but it will again back it's own position and crypto-trader sees it many times, so, be patience.

[2stout]

They will be the first pump you see will not be it.  This first pump will be more like the dead cat bounce.  Alt season will not be in full effect until Bitcoin truly moons again, which seems to not be anytime too soon.  Patience will be key.

[yhiaali3]

Bitcoin is the basis, and according to what I see, the breach was made with a weak volume, while if the breach was with a good volume and the bitcoin was stable above 21700$, we could have seen a rise soon, so I expect that there will be a retest of the break, it is true that some altcoins did a good pump, but I do not expect that This is for a long time, the situation is now unstable and the trend cannot be determined whether it is bullish or bearish, so it is not possible to confirm whether this was actually a bottom or not. I think it is still early days and we need more time.

[cryptoaddictchie]

Whether its the bottom or not. I think this level is pretty decent entry too. If ever it goes down to 17 to 18k then still a good entry. A bounce like that could not mean a bottom point but regardless of the technicals thats way cheaper than few months back which is totally a big down right now.

Better move is doing dca to avoid such hefty losses. At least by dca we balance our portfolio at different prices.

[BobK71]

There is no signal which shows from the market that it will pump very soon. Looking at the current situation, it seems that we have to wait a long time. Bitcoin is now stable at 20K but some alt coins pump though it is not for long time. There will have possibility to loss your assets if BTC goes further down from here. So think carefully before investing in anything new investment. But if you want to take the risk, prepare yourself and buy some potential coin.

[GatotKaca]

but i dont think so that will be oump towards ATH. expecting just a relief rally only.

very far to reach ATH. will definitely need the help of a pump that is quite long. and it won't happen any time soon.
what is happening in the market today is an attempt to stabilize the market price after a major correction. once the pump gets corrected again, this will happen on a small scale.
we have to wait for the market to be ready to make a long rally. and now I haven't seen it.