Nearly Every ALT COIN has had the same price action, as what we can see in LITECOIN.
The Change in direction based on the August levels, as price is pushed downward from the dynamic 50% level.
This did not happen in the BULL runs of 2016-2017. ALL COINS never moved below those Monthly levels. They were all robust support levels that kept on pushing the trends higher each month.
Therefore, as much as I'm bullish on BITCOIN, there's other reasons to not feel as confident, simply because of the price action in ALT COINS.
LITCOIN PRIMARY & MONTHLY CYCLES
If you've followed my calls on Cryptos, you know i've been bullish ever since the MARCH switch in the monthly cycles and bearish on altcoins since the switch back under at the Start of August
Even though BITCOIN remains above the Yearly 50% level at 8050, ALTCOINS have been a drag.
However, is it going to change at the start of DECEMBER?
There's a number of patterns appearing in ALTCOINS that might get Crypto's bullish again.
However, Primary cycles remain bearish :- Keep an eye on the 2020 50% level
MORENO Primary & Monthly Cycles
December levels starting to look interesting!!!
ETHEREUM PRIMARY & MONTHLY Cycles
Keep in mind we never got our rally towards the 2019 50% level, which happened in BITCOIN.
ALTCOINS remain bearish and the 2020 50% level will dictate whether prices will continue higher, or head down towards the 2020 lows again.
Will DECEMBER is going to push ALTCOINS HIGHER or NOT?
However, there's a slight change in November that may lead to something more in December.