🅱️ Bitcoin Clearly Bullish | Basics Explained + Altcoins PROOF!

12 Jul 2023

Here Bitcoin can be seen trading above all the moving averages we map: EMA10/21/50/100/200/300 and MA200.

It has been going sideways near resistance which is a clear signal of strength.

The resistance that is being challenged/weakened is the May 2022 resistance, once this breaks Bitcoin will move one level up.

The bullish bias found in the candles, price action, continuation and moving averages is confirmed by a bullish MACD and RSI; basics once more.

The final clue and confirmation comes in the form of Altcoins, this is what reveals that the next major move will take place to the upside rather than the downside.

First, XRP and Litecoin moved ahead.
We saw Compound and many other of the big market cap. Altcoins break bullish and go first.

What one does, the rest follows.

Then the old ones, the classics decided to go up.

This is confirmed by Verge (XVG), printing massive numbers in a matter of days, more than 600%, not bear market action but strongly bullish market action which can only reveal what is cooking behind the scenes.

Then we are seeing other "old projects" moving strong, Steem, Stratis, Civic, Ark and Ontology Gas, I'll show you some charts for these.

✴️ Ontology Gas 190% Single Day Bullish Confirmation

✴️ Steem | Bullish Altcoins Confirmation

✴️ Civic 1,2,3,4 Steps Pattern, 75% Single Day Breakout & More

✴️ Stratis Breaks Out Of Descending Channel, Can Hit $1

✴️ Bitgert All-Time Low, Double Bottom (280%+ Potential)

✴️ Classic Altcoins Moving First | Ark (300%+ Potential)

As you can see, when you see Altcoins breaking by 190% in a single day, it means that a massive bullish wave is starting and the entire market will move ahead.

Bitcoin Cash in its correction remains really strong: 

✴️ Bear Market Action vs Bull Market Action | Bitcoin Cash

The same for Litecoin, see how it trades and never goes below support:
✴️ Litecoin Continuation | Quick Update

Compound also stays bullish, incredible but true, already mentioned above (see the chart for confirmation):
✴️ Compound Update | Looks Promising, $88 Target Next?

And finally the biggest proof is Bitcoin itself, which continues trading above 30K.
The resistance hit was $31,500, so technically prices stay the same.

The biggest Altcoin in the market, Ethereum, is also staying strong.
✴️ Ethereum Above $3,000 This Summer? Higher...

We had negative news, lawsuits, FUD and all the rest that is usually going on, yet we continue to see the bigger Altcoins staying strong, many growing and the smaller ones moving ahead as if it is the end of the world.

When the Altcoins grow by three digits within days, it only means that Bitcoin is going sideways within a bullish phase.

In a bearish phase everything crashes, period, this is not the case.

See you on the moon.

Namaste.