Bitcoin Buy Opportunity Possible Altcoin Market Bearish ReversalThe past few days have been quite booming for the altcoin market, which makes me think about the tides of the seasons.
A lot of people around the world have spent their holidays with their friends and family, and I can imagine a lot of conversations would be about Bitcoin as it has been getting a lot of attention in the mainstream media lately.
I can only imagine a lot of new traders trying their luck in 2018 with crypto, which means there will be a lot of new money into Bitcoin.
Therefore bitcoin will make moves for a new bull run, which will leave alts being drowned in blood for the simple reason that it's hard for altcoins to win against btc when btc is rising.
This has a funny result in your portfolio because if you stay in alts, the dollar value of your portfolio will probably stay the same or rise.
If you make the switch to move a big percentages of your portfolio into Bitcoin, then you will rise in dollar value as you ride the Bitcoin train.
The bonus in managing your portfolio the second way is it's possible to buy in Alts later when Bitcoin cools off.
Most of us will remember the days when the Total Alt Market was bleeding so hard because of the sudden mooning of Bitcoin and we were losing out a lot of potential gains long term, but that's when we noticed that if you held the bitcoin during the run up instead of alts, you could buy so much more alts back at such a low price, which results in a far bigger return the moment alts begin to grow again.
Altseason might be over very soon so don't forget to lock in your profits!
Now about Bitcoin:
Bitcoin is looking for a classic set up with a rising bottom pattern forming into a flag pattern.
RSI is looking bullish and the Momentum is getting stronger.
Bitcoin is creeping out of the Ichimoku Cloud which makes me extremely bullish on Bitcoin.
Good luck with this trade, the theory is still a theory.
