BTC/JPY - weekly Analytics + Altcoins 21.09.2020
After the formation of the last movements there is a high probability of Bitcoin leaving into a global correction.
The impulse that had begun on March 16th, ended on August 17th, 2020. The local consolidation of the Bitcoin price is possible with a decrease to the triangle from May, 2020. The global trend is still growing, according to our expectations correction may occur within 1-2 months.
Altcoins: (Considered coins are LTC, ETH, EOS, XRP, ETC, NEO, XMR, OMG, DASH, SAN, IOT)
At this stage in altcoins it is necessary to keep a waiting position because there is a probability of strong downward movements.
The impulse that had begun on March 16th, ended on August 17th, 2020. The local consolidation of the Bitcoin price is possible with a decrease to the triangle from May, 2020. The global trend is still growing, according to our expectations correction may occur within 1-2 months.
Altcoins: (Considered coins are LTC, ETH, EOS, XRP, ETC, NEO, XMR, OMG, DASH, SAN, IOT)
At this stage in altcoins it is necessary to keep a waiting position because there is a probability of strong downward movements.