Bitcoin Weekly vs Altcoins, Potential Scenarios, Bottom, New ATH

12 Şub 2022

Today is Saturday and we approach the weekly candle close, we can look at multiple scenarios with the highest potential for Bitcoin in the coming days based on what we have today.

Let's get started.
(Read until the end and reply in the comments section with your potential scenarios or future predictions for Bitcoin and the Altcoins market)

Bitcoin Weekly vs Altcoins & More

We have the current candle (-1), and we have 3 candles before this one squared in light blue.

The (-2) candle from 24-Jan. gives us a hammer.
The hammer is a bullish candlestick and here it comes up right at the bottom of a trend, which is perfect because that's when the hammer is most effective.

The next candle (+1) we have a full green candle which confirms the signal given by the hammer; a reversal signal and later with this candle Bitcoin grows.

The current candle is good but the week is yet to close.

If this weekly candle closes above EMA10 ($44,210), we are looking really good and we can say probability favors that Bitcoin will go straight up.

But, if instead this candle closes below EMA10, there can be a drop that can take us to the next low or just a lower high for the bounce to fully show up.

We have many bullish Altcoins and if Bitcoin goes strong bearish they cannot grow.

Maybe we are going to be seeing Bitcoin going straight up or sideways, if it drops but ends at a higher low before growing this would support the Altcoins in their bullish move.

Once Bitcoin reaches the high for the bounce, then everything drops and we get the last low... With this new development in place, from the bottom, we can have some long-term growth...

We have several scenarios to consider but let me leave you with this one... Once spring comes, everything goes up.

It is the season.
Market cycles...

Only after we have a confirmed bottom, I will tell you about the next bullish run.

You are BIG!
YOU DESERVE THE BEST!
You are precious.
You are LIFE itself.
Value yourself...
Love yourself...
Choose to win.
And have some fun.

Namaste.